Queen Elizabeth II\u2019s 70 years<\/a> on the throne. It also provides the backdrop for parades down the broad ceremonial avenue known as The Mall.<\/p>\nBuckingham Palace needed some love<\/h2>\n
But after all the wear and tear, the palace was starting to show its age. In 2017, the royal household began a 10-year program to update obsolete plumbing, wiring and heating and upgrade the building so it could continue to house the monarchy for another 50 years. The project is scheduled to be completed next year.<\/p>\n
But now the king and queen have decided to live at Clarence House, a stately home close to the palace where Charles has lived since he was Prince of Wales.<\/p>\n
That decision will allow the palace to increase public access, host more events and expand the number of visitors and tours of the building, Chalmers said. The palace already receives about 700,000 visitors a year.<\/p>\n
Royal watchers are waiting for more details about plans for the palace. Ed Owens, author of \u201cAfter Elizabeth: Can the Monarchy Save Itself,\u2019\u2019 said it would be a shame if, for example, the building lies vacant for much of the year.<\/p>\n
\u201cI\u2019m hoping for a second act in terms of this decision,\u2019\u2019 he told The Associated Press. \u201cI\u2019m waiting to see whether there will be a sort of a more radical proposal for what Buckingham Palace might be in the future.\u201d<\/p>\n
The palace recognizes it needs more transparency<\/h2>\n
The other big news of the day was the announcement on royal taxes.<\/p>\n
While Charles released the details of his personal taxes when he was Prince of Wales, this is the first time he has done so since ascending the throne following the death of his mother, Queen Elizabeth II, in 2022.<\/p>\n
While monarchy receives funding from a number of sources, the king pays taxes only on his personal income, much of which comes from his privately owned estates, Balmoral in Scotland and Sandringham on the east coast of England. Charles also paid capital gains taxes related to the sale of assets.<\/p>\n
Prince William, the current Prince of Wales, also released his tax details on Thursday. William paid 7.76 million pounds in income and capital gains taxes in the 2024-25 tax year, down from 8.34 million pounds the previous year, his office said.<\/p>\n
The figures for the first time give the public a concrete idea about the King\u2019s personal wealth, as opposed to the castles, jewels and artwork that go with the job but aren\u2019t the monarch\u2019s personal property.<\/p>\n
Charles didn\u2019t have to do this. The king\u2019s tax affairs, like those of any citizen, are strictly confidential. But he decided to give up that right to privacy as the monarchy tries to put as much distance as possible between itself and Mountbatten-Windsor.<\/p>\n
It also underscores the idea that the monarchy is a public institution and its workings should be public, said Craig Prescott, an expert on constitutional law and the monarchy at Royal Holloway, University of London.<\/p>\n
\u201cIf they\u2019re open and as transparent as possible, then the contrast with Andrew Mountbatten-Windsor becomes all the greater,\u201d he said.<\/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 www.nbcnews.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"LONDON \u2014 King Charles III will not live at Buckingham Palace after the completion of a 10-year, 369 million-pound ($487 million) refurbishment program as the monarchy seeks to increase public access to the historic building that has been the center of royal life for almost 200 years. Limited time: Save 25% on NBC News subscription […]<\/p>\n","protected":false},"author":2,"featured_media":2476037,"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-2476036","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-III-becomes-first-British-monarch-to-release-tax.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2476036","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=2476036"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2476036\/revisions"}],"predecessor-version":[{"id":2476038,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2476036\/revisions\/2476038"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2476037"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2476036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2476036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2476036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}