A row over the Queen's funding has erupted, following media reports that Scotland was going to keep its profits from the Royal property portfolio.
The state-owned Crown Estate – one of the largest property owners in the U.K. a big contributor to the Royal Family's finances – is a commercial business run by an independent board. All of its profits are paid to the U.K. Treasury, which then allocates 15 percent of the money to the Royal Family. Last year, the "Sovereign Grant" was worth £37.9 million ($60 million).
Confusion over Scotland's contribution emerged on Tuesday, however, when an official from the Royal household told journalists that a plan to transfer some of the Crown Estate's assets to the Scottish government would lead to a shortfall in funding.