Matches in DBpedia 2014 for { ?s ?p In the United Kingdom, the Crown Estate is a property portfolio owned by the Crown. The Estate is one of the largest property owners in the United Kingdom with a portfolio worth £8.1 billion, with urban properties valued at around £4 billion, and rural holdings valued at £1.049 billion; and an annual profit of £240.2 million, as at 31 March 2012. The majority of the estate by value is urban, including a large number of properties in central London, but the estate also owns 144,000 ha (356,000 ac) of agricultural land and forest, more than half of the UK's foreshore, and retains various other traditional holdings and rights, for example Ascot racecourse and Windsor Great Park.Although nominally belonging to the monarch and inherent with the accession of the throne, like the Crown Jewels, the Crown Estate is not the private property of the reigning monarch and cannot be sold by him or her, nor do any revenues, or debts, from the estate accrue to the monarch, as they no longer govern in person. That role has been replaced by the de facto authority of Parliament. The Royal Family is not barred from ownership of private property: Balmoral Castle in Scotland, for example, was purchased by Prince Albert, consort to Queen Victoria, and not by the Queen herself and is not part of the Crown Estate. In 1760 George III surrendered the revenue of the Crown Estate to HM Treasury as part of an exchange which relieved the monarch of all responsibility for: the cost of the civil government the national debt accrued by previous monarchs, and his own personal debt.In return, he received an annual grant known as the Civil List. By tradition, each subsequent monarch has agreed to this formality as part of the ritual of his or her accession. However, from 1 April 2012, under the terms of the Sovereign Grant Act 2011 (SSG), the Civil List was abolished, and in the future each monarch will receive from the Treasury a stipulated percentage of the Crown Estate's annual net revenue (currently set at 15%). This does not infer any legal right to the revenue of the Crown Estate itself on the reigning monarch, or change the nature of its ownership: it is simply a benchmark by which the SSG is set as a grant by Parliament.The Crown Estate is managed by an independent organisation headed by the Crown Estate Commissioners. The surplus revenue from the Estate is paid each year to HM Treasury. The Crown Estate is formally accountable to Parliament, to which it makes an annual report.. }
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- Crown_Estate abstract "In the United Kingdom, the Crown Estate is a property portfolio owned by the Crown. The Estate is one of the largest property owners in the United Kingdom with a portfolio worth £8.1 billion, with urban properties valued at around £4 billion, and rural holdings valued at £1.049 billion; and an annual profit of £240.2 million, as at 31 March 2012. The majority of the estate by value is urban, including a large number of properties in central London, but the estate also owns 144,000 ha (356,000 ac) of agricultural land and forest, more than half of the UK's foreshore, and retains various other traditional holdings and rights, for example Ascot racecourse and Windsor Great Park.Although nominally belonging to the monarch and inherent with the accession of the throne, like the Crown Jewels, the Crown Estate is not the private property of the reigning monarch and cannot be sold by him or her, nor do any revenues, or debts, from the estate accrue to the monarch, as they no longer govern in person. That role has been replaced by the de facto authority of Parliament. The Royal Family is not barred from ownership of private property: Balmoral Castle in Scotland, for example, was purchased by Prince Albert, consort to Queen Victoria, and not by the Queen herself and is not part of the Crown Estate. In 1760 George III surrendered the revenue of the Crown Estate to HM Treasury as part of an exchange which relieved the monarch of all responsibility for: the cost of the civil government the national debt accrued by previous monarchs, and his own personal debt.In return, he received an annual grant known as the Civil List. By tradition, each subsequent monarch has agreed to this formality as part of the ritual of his or her accession. However, from 1 April 2012, under the terms of the Sovereign Grant Act 2011 (SSG), the Civil List was abolished, and in the future each monarch will receive from the Treasury a stipulated percentage of the Crown Estate's annual net revenue (currently set at 15%). This does not infer any legal right to the revenue of the Crown Estate itself on the reigning monarch, or change the nature of its ownership: it is simply a benchmark by which the SSG is set as a grant by Parliament.The Crown Estate is managed by an independent organisation headed by the Crown Estate Commissioners. The surplus revenue from the Estate is paid each year to HM Treasury. The Crown Estate is formally accountable to Parliament, to which it makes an annual report.".