King Charles’ Private Funds Cover Rent for Princesses Beatrice and Eugenie

A recent National Audit Office report has disclosed that Princesses Beatrice and Eugenie, daughters of ex-Prince Andrew, reside in royal residences with their rent paid from King Charles’ private income. This funding comes via the Privy Purse, which is largely supported by the Duchy of Lancaster.

King Charles’ Private Income Supports Non-Working Royals’ Housing

The audit specifies that Beatrice and Eugenie are classified as non-working royals. According to royal housing policies, family members in this category who occupy palace properties are typically charged rents below market value rather than full commercial rates.

However, the report indicates that the sisters’ rental payments are currently covered by the monarch’s private funds, a practice that contrasts with the arrangements for working royals and other residents of the royal estate. This distinction has attracted scrutiny.

Rental Values for Princess Beatrice and Eugenie Show Gradual Increase

Details from the audit reveal that Princess Eugenie’s rent was initially set at 50 percent of market value during 2020 and 2021. This amount has been gradually raised over subsequent years, reaching 64 percent of market value by 2026.

Princess Beatrice’s rent followed a comparable trajectory. The audit notes her rent was 60 percent of market value in 2020 and 2021, increasing to 68 percent by 2026.

National Audit Office Review Highlights Complexity of Royal Accommodation

The findings are part of an extensive review of royal housing, which examined how residences are allocated, funded, and managed within the monarchy. The auditors pointed out that the system’s complexity, including varying valuation methods and established royal customs, can complicate efforts to compare arrangements and assess public accountability.