The Crown Estate Act 1961

The Crown Estate Act 1961 is a law that clarifies the management and revenue of The Crown Estate, which includes properties and land owned by the British monarchy but managed independently. It established that the profits generated from these assets belong to the UK government, not directly to the monarch. The Act also set up the Crown Estate Commissioners as responsible for overseeing these assets, ensuring they are managed efficiently for public benefit. Essentially, it formalized the financial relationship between the monarchy’s estate assets and the state, promoting transparency and effective management.