Overview

This bill amends the succession to the title of Duke of Cornwall, removes certain powers and exemptions enjoyed by the Duchy of Cornwall, alters its tax status, and restricts the involvement of the Treasury Solicitor in its affairs.

Description

Succession to the Title: The bill changes the succession to the title of Duke of Cornwall, granting it to the monarch's eldest living child (regardless of gender), rather than only the eldest son.

Tax Status: The Duchy of Cornwall will be treated as settled property for income tax and capital gains tax purposes, meaning it will be subject to these taxes.

Exemptions and Immunities: The bill removes several exemptions and immunities previously enjoyed by the Duchy, specifically those relating to leasehold reform in the Leasehold Reform Act 1967 and the Leasehold Reform, Housing and Urban Development Act 1993.

Land Purchase Powers: The Duchy's power to purchase land is extended from England to the whole of the United Kingdom.

Legal Representation: The bill prevents the Treasury Solicitor and their employees from advising or acting on behalf of the Duchy of Cornwall. It also removes provisions allowing the Duchy's law clerk to act as an attorney or solicitor in all courts.

Government Spending

The bill is expected to increase government revenue through the taxation of the Duchy of Cornwall's income and capital gains. Precise figures are unavailable from the provided text.

Groups Affected

The Royal Family: The change in succession affects the line of succession to the title of Duke of Cornwall.
The Duchy of Cornwall: The Duchy will lose certain exemptions and immunities and will be subject to income tax and capital gains tax.
The Treasury Solicitor: The Treasury Solicitor's office will no longer be involved in legal matters concerning the Duchy.
Tenants of Duchy Land: The removal of some exemptions may impact leasehold reform for those tenants of property owned by the Duchy.

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