LONDON – Britain’s King Charles has become the first reigning monarch to publicly disclose details of his personal tax contributions, with Buckingham Palace releasing the information amid renewed scrutiny of royal finances and property arrangements.
According to palace officials, the king has paid more than $41 million in personal taxes since ascending the throne in 2022.
The disclosure came as the Royal Household responded to public discussion surrounding the monarchy’s finances and the management of royal properties.
Palace officials also confirmed that King Charles and Queen Camilla would not move into Buckingham Palace after the completion of its taxpayer-funded renovation project. Instead, the couple will continue to reside at Clarence House.
Buckingham Palace will remain the monarchy’s principal administrative headquarters and venue for official engagements, including state ceremonies, receptions and meetings, officials said.
Separately, Prince William released details of financial plans for the Duchy of Cornwall, outlining a long-term strategy focused on housing developments, environmental initiatives and community investment across several regions.
The Prince of Wales also said that income generated from Dartmoor Prison, which provides annual rental revenue to the duchy, would be directed towards supporting local communities.
