<\/p>\n
King Charles has become the first British monarch to reveal how
\nmuch tax he pays, disclosing that he handed \u00a312.9 million to HM
\nRevenue & Customs during the 2024-25 financial year in an
\nunprecedented move designed to increase transparency around the
\nmonarchy\u2019s finances.<\/p>\n
The figures, published in the Royal Household\u2019s annual accounts,
\nplace the King among Britain\u2019s highest taxpayers and mark the first
\ntime a reigning sovereign has voluntarily disclosed the size of
\ntheir tax bill.<\/p>\n
The Prince of Wales also revealed that he paid \u00a37.76 million in
\nincome and capital gains tax over the same period, with Kensington
\nPalace saying the decision reflected Prince William\u2019s commitment to
\ngreater openness over his financial affairs.<\/p>\n
According to Buckingham Palace, the publication of both men\u2019s
\ntax payments was a personal decision intended to \u201cencourage wider
\nunderstanding of our accountability\u201d. Since Charles became King and
\nWilliam inherited the Duchy of Cornwall, the pair have collectively
\npaid more than \u00a350 million in tax.<\/p>\n
Neither the King nor the Prince of Wales is legally required to
\npay tax. However, the practice has continued voluntarily since
\n1993, when Queen Elizabeth II and the then Prince of Wales agreed
\nto begin paying income tax following criticism over royal
\nfinances.<\/p>\n
The latest accounts do not provide a detailed breakdown of how
\neither man\u2019s tax liability was calculated.<\/p>\n
Charles receives his private income primarily from the Duchy of
\nLancaster, a historic portfolio of land, commercial property and
\ninvestments that provides the reigning monarch with an independent
\nsource of funding. The estate generated an income of \u00a325.2 million
\nduring 2025-26. The King also pays tax on income derived from his
\nprivate estates at Balmoral and Sandringham, together with personal
\ninvestments and savings.<\/p>\n
Prince William\u2019s income is derived from the Duchy of Cornwall,
\nthe billion-pound estate traditionally held by the heir to the
\nthrone. Kensington Palace said he pays income tax at the highest
\nrate on any net surplus after official costs have been deducted,
\nwith those deductions independently audited.<\/p>\n
William has also decided to forgo the \u00a31.5 million annual rental
\nincome previously generated by Dartmoor Prison. The money will
\ninstead be directed towards regeneration projects in the nearby
\ncommunity of Princetown after the prison closed in 2024 following
\nthe discovery of high levels of radon gas.<\/p>\n
The annual accounts also revealed wider changes to royal
\nfinances. From 2027-28, the Sovereign Grant will be set at \u00a399.9
\nmillion a year under a new funding formula agreed by the Royal
\nTrustees, down from the current \u00a3137.9 million as the decade-long
\nrefurbishment of Buckingham Palace comes to an end.<\/p>\n
Although lower than the current level, the grant remains
\nsubstantially above the \u00a351.8 million received three years ago.
\nPalace officials said the funding would support the maintenance of
\nhistoric royal residences, strengthen cyber security and finance
\nenvironmental improvements, including an \u00a311 million programme to
\nreplace ageing boilers at Windsor Castle.<\/p>\n
James Chalmers, the Keeper of the Privy Purse, rejected
\nsuggestions that the funding represented excessive public spending,
\ninsisting the Sovereign Grant was \u201cnot a blank cheque\u201d. He said
\nexpenditure was subject to Treasury oversight, independent audit
\nand strict value-for-money requirements, adding that the grant
\nfunded \u201cthe work of the institution \u2013 not private lives or private
\nwealth\u201d.<\/p>\n
The accounts also confirmed that King Charles and Queen Camilla
\nwill continue living at Clarence House after the \u00a3369 million
\nrefurbishment of Buckingham Palace is completed next year. Palace
\nofficials said the decision would allow greater public access to
\nthe historic building while Buckingham Palace continued to serve as
\nthe ceremonial and administrative headquarters of the monarchy.<\/p>\n
<\/div>\n \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source royalcentral.co.uk \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" King Charles has become the first British monarch to reveal how much tax he pays, disclosing that he handed \u00a312.9 million to HM Revenue & Customs during the 2024-25 financial year in an unprecedented move designed to increase transparency around the monarchy\u2019s finances. The figures, published in the Royal Household\u2019s annual accounts, place the King […]<\/p>\n","protected":false},"author":2,"featured_media":2475957,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[43],"tags":[],"class_list":["post-2475956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-royalty"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/06\/King-Charles-and-Prince-William-make-unprecedented-tax-disclosure.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2475956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2475956"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2475956\/revisions"}],"predecessor-version":[{"id":2475958,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2475956\/revisions\/2475958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2475957"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2475956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2475956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2475956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}