King Charles reveals he paid £12.9m in tax for 2024-25
Buckingham Palace said the voluntary payment puts Charles among the country’s top 100 taxpayers and lifts his total since accession above £30 million.
- King Charles III made history Thursday by revealing his personal tax bill, becoming the first British monarch in modern times to publish the exact figures of his income and capital gains tax payments.
- The monarch paid £12.9 million in personal taxes for the 2024-25 financial year, an increase from the £11.7 million he paid the previous year, placing his personal contribution among the top 100 taxpayers in the United Kingdom.
- The total tax paid by the King since his September 2022 accession surpasses £30 million, which covers private earnings from assets like the Duchy of Lancaster and private investments, though critics note the specific underlying income and deductions remain undisclosed.
- Following his father’s transparent lead, Prince William also disclosed his finances, revealing that he paid £7.76 million in taxes for the same 2024-25 period from his income through the Duchy of Cornwall.
- The historic disclosures coincided with a major housing announcement, as Buckingham Palace confirmed that King Charles and Queen Camilla will not move into Buckingham Palace after its £369 million renovation finishes next year, opting instead to stay at Clarence House to allow for greater public access to the palace.
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131 Articles
King Charles III revealed on Thursday that he had paid more than £30 million (€35 million) of taxes on his private income since his accession to the throne in September 2022. An unprecedented effort of transparency for a British sovereign. ...
Charles III Breaks a Historic Taboo by Revealing the Payment of More than 30 Million Pounds in Taxes
Charles III has made public for the first time the amount of taxes he has paid since he acceded to the throne, an unprecedented decision in the recent history of the British monarchy that Buckingham Palace presents as an exercise of transparency.The annual accounts of the Royal House show that the monarch has paid more than 30 million pounds (35 million euros) to the British Treasury since his proclamation as king in September 2022.The report, p…
British kings also pay taxes: How much exactly has King Charles now revealed as the first monarch, and he announced that he would no longer live in the Buckingham Palace after the renovations have been completed.
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