Scottish parliament intends to take control of the crown state's profits for use in Scotland, which could mean that this could reduce the income of the monarch and the rest of the royal family by more than £2m a year.
Under David Cameron's devolution deal with Nicola Sturgeon, starting next year the Scottish Government is expected to retain the revenue from Crown holdings north of the border, which could affect the Queen and the rest of the royal family's finances.
Buckingham Palace wishes to discuss the consequences with the other royal trustees David Cameron and George Osborne for the sake of the Queen, the Guardian claimed.
According to officials, Buckingham Palace claimed that Scotland will cut its contribution to royal funding if the proposal to devolve control over most crown estate assets continue.
After the royal household claimed that the change of operation would mean the queen could lose £2m a year. But the Treasury insisted that the proposal would not leave the Queen £2m short because the devolution would not lead to a cut in royal funding. "Scottish taxpayers will continue to fund a full and fair share of the Sovereign Grant. The Grant will not be adversely affected by devolution," a Treasury spokesperson said.
The argument started when a senior courtier told the media that if the devolution of Crown Estate assets continues, Scotland would cut its funding to the monarchy. Allowing the Scotland to retain profits from any Crown Estate assets in the country.
The Sovereign grant is that the Queen is entitled to 15 per cent of the Crown Estate's profits from general taxation. According to reports, if the David Cameron's devolution deal with Nicola Sturgeon moves forward, Scotland keeps the profits from assets on its land that can result to the fall of profit figure.
It is anticipated that the Queen will continue to receive the full value of the Sovereign grant unless there's a change in the law.
