By Tom Edgington
BBC News
The Royal Family has opened its books to show how the Queen spent her money last year.
How much does the monarch receive and where does her income come from?
What does the Queen receive from the government?
The Queen is given a single payment by the government every year called the Sovereign Grant.
What is the Sovereign Grant spent on?
- Buckingham Palace
- St James’s Palace
- Kensington Palace
- the Royal Mews and Royal Paddocks at Hampton Court
- Windsor Castle
Where does money for the Sovereign Grant come from?
The payment is based on the profits of the Crown Estate, a property business owned by the monarch but run independently.
Among its holdings are Regent Street in London and the Ascot racecourse in Berkshire.
The Crown Estate is controlled by a management board whose main duty is to maintain and enhance the value of the property “for the benefit of the nation’s finances”.
It is not the private property of the Queen – it merely belongs to the…
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