Prince William paid stamp duty on the home (Image: Hugh Hastings/Getty Images)

Prince William paid a very high amount of stamp duty on his Forest Lodge home, it has been revealed. The Prince and Princess of Wales, along with their three children Prince George, Princess Charlotte and Prince Louis, moved into the Windsor mansion last autumn, and reportedly see the property as their “forever” home.

It is believed that at the moment, the couple have a two-decade lease on the Grade II listed property. It was also previously revealed by Land Registry records that the couple’s yearly rental obligation stands at £307,200 for the property. The property is owned by The Crown Estate.

As reported by GB News, new documents show that because the Wales family’s annual rent surpasses the £125,000 threshold, the Stamp Duty tax became payable when the lease was finalised on July 21 last year.

The levy is reported to be charged at one per cent on amounts exceeding the threshold, which means William paid an estimated £42,000 payment of Stamp Duty.

The rental arrangement Prince William and Princess Catherine have on the property reportedly sees them pay £234,000 annually for theGeorgian mansion, with an additional £73,200 for the three cottages within the grounds.

These cottages are believed to be used by staff and security personnel.

Forest Lodge is where William hopes to live ‘forever’ (Image: English Heritage/Heritage Images/Getty Images)

The home is somewhere the family intend to live for a long time, with it believed to be the case that William and Catherine want to stay living at the adobe even when they become King and Queen.

This would be instead of moving to the nearby Windsor Castle or Buckingham Palace.

It is believed the couple’s three children are well-settled at the home.