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Duchy of Cornwall asset transactions
12 June 2009
Text for request:
All information, including the value of the transactions and any profits disclosed relating to property transactions carried out by the Duchy of Cornwall since 2001 up until the end of the financial year Mar 31, 2009.
Text for disclosure:
To collate full information would exceed the cost limit under the Act. The Duchy's published Parliamentary Accounts include a relevant disclosure entitled 'Net Profit on Sale of Investment Properties' within the Capital Account 'Recognised Statement of Gains and Losses'. HM Treasury published relevant information on this log in July 2008 and this is updated in the table below:
| 2008 | |
| improvements to dwellings | £360,000 |
| sale of farm | £1,017,000 |
| commercial property purchase | £7,500,000 |
| sale of land for housing | £4,810,000 |
| sale of land for housing | £4,280,000 |
| sale of land for housing | £825,000 |
| surrender payment to tenant | £850,000 |
| refurbishment of dwelling | £560,000 |
| sale of land for housing | £475,458 |
| 2009 | |
| sale of land for housing1 | £744,136 |
| sale of housing | £1,206,800 |
| development expenditure | £1,200,000 |
| improvements to dwellings2 | £2,575,000 |
| sale of housing | £860,902 |
Notes:
1. Sale of land for sum of £746,504 in 2008 superseded by Treasury Warrant for sum of £744,136 in 2009.
2. Renovation for sum of £2,100,000 in 2007 superseded by Treasury Warrant for sum of £2,575,000 in 2009.
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