A National Audit Office (NAO) review into royal property arrangements has revealed that Prince Andrew, the Duke of York, generated private income from subletting three cottages at Windsor Royal Lodge while paying a 'peppercorn rent' to the Crown Estate.
The review, which examined the financial arrangements of King Charles and Prince Andrew, found that Prince Andrew's estate received private income from the subletting of the cottages, while paying a nominal rent of £1 to the Crown Estate.
The NAO review also showed that King Charles pays an 'adjusted' rent from his private Duchy of Cornwall estate, which is not subject to the same transparency requirements as the Crown Estate.
The findings have sparked concerns over the transparency and accountability of royal property arrangements, with many questioning the appropriateness of the 'peppercorn rent' paid by Prince Andrew.
The NAO review was conducted in response to concerns over the financial affairs of the royal family, and its findings are likely to fuel ongoing debates over the role and remuneration of senior royals.
A spokesperson for the Palace declined to comment on the specifics of the NAO review, but stated that the royal family is committed to transparency and accountability in its financial affairs.