Britain's Royal Family will be forced to pay a mansion tax on their portfolio of country estates if Labour wins the general election in 2015.
The news has been confirmed by Ed Balls, the shadow chancellor, who said he'd considered the issue carefully and concluded the royals will have to pay the taxes "just like everyone else" on properties which are not open to the public.
He explained to Sky News: "People who own large houses which are above £2million and aren't open to the public will have to pay. The Royal Family pays tax like everyone else, and rightly so."
Balls added: "[Chancellor] George Osborne and I have sat down to discuss the issue of Royal finances in this Parliament. There has always been a cross-party consensus, we have fair and tough rules for the financing of the Royal household but members of the royal household pay taxes just like everyone else, and rightly so.
"There aren't different rules for anybody, it's the nature of our society."
Sandringham in Norfolk and Balmoral in Scotland are among the royal properties that are set to be hit by the charge.
As is Anmer Hall, the new home of the Duke and Duchess of Cambridge.
tagged in Royal Family