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.
166 Articles
166 Articles
King Charles Paid More Than £30m In Taxes Since Taking Throne, Say Royal Officials
For the first time in British history, a reigning monarch has revealed how much tax he pays. Why does it matter? Because the move is being seen as a major step toward greater transparency in royal finances.King Charles disclosed that he voluntarily paid £12.9 million in tax during 2024–25, placing him among the UK’s top taxpayers.Prince William also revealed a tax bill of £7.76 million, marking a new level of openness from the Royal Family.Palac…
Nearly 13 million pounds of taxes were paid by King Charles III in tax year 2024/2025. The most important questions and answers.
International Business Times UK
King Charles will not move into Buckingham Palace in London when its £369 million refurbishment concludes next year, royal officials confirmed on Thursday, as newly disclosed financial records revealed the monarch paid £12.9 million in tax in 2024/25. The decision marks a break from nearly 200 years of tradition, with Buckingham Palace long serving as the sovereign's main residence. Buckingham Palace has been the official London home of Britain'…
This is an unprecedented piece of information: the British royal family released its tax declarations in the interests of transparency and modernization. On Thursday, June 25th, we learn that the 77-year-old sovereign has paid 35 million euros in taxes since his accession to the throne in September 2022.
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