Crown Estate assets include Regent Street in central

London, Ascot racecourse and Windsor Great Park, 265,000 acres of farmland, as well as ownership of our national seabed stretching out 12 nautical miles around Britain. The Estate's profits have been paid to the Treasury and taxpayers since 1760, after George III handed the Crown's property to the state in return for an annual fee to support his duties. In April this year, Buckingham Palace will receive 36.1 million pounds (about USD 57 million) to fund the Queen's official duties, a 16 per cent increase on the 31 million pounds paid by taxpayers last year.