{"id":2477395,"date":"2026-06-26T19:33:49","date_gmt":"2026-06-26T19:33:49","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2477395"},"modified":"2026-06-26T19:33:49","modified_gmt":"2026-06-26T19:33:49","slug":"royal-finances-under-the-spotlight-as-king-charles-publishes-tax-bill-national","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/royal-finances-under-the-spotlight-as-king-charles-publishes-tax-bill-national\/","title":{"rendered":"Royal finances under the spotlight as King Charles publishes tax bill &#8211; National"},"content":{"rendered":"<p><\/p>\n<div id=\"\">\n<p><a target=\"_blank\" href=\"https:\/\/globalnews.ca\/tag\/king-charles\/\" target=\"_blank\" rel=\"noopener\">King Charles III<\/a> has become the first reigning monarch to reveal his personal tax bill, a move that comes amid a broader shift in how the British royal family manages and discloses its finances.<\/p>\n<p><\/p>\n<p>According to an <a target=\"_blank\" href=\"https:\/\/www.royal.uk\/financial-reports-256\" target=\"_blank\" rel=\"noopener\">official release by the Privy Purse<\/a>, for the 2024-2025 tax year, Charles paid \u00a312.9 million (CAD $24.19 million), placing him among the 100 highest taxpayers in the U.K., <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c8x2151y8q4o\" target=\"_blank\" rel=\"noopener\">the BBC reported<\/a>.<\/p>\n<p>The King only pays taxes on his personal income, which is generated 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<div class=\"l-article__part\" data-shortcode=\"tp_video_miniplayer\">\n<section id=\"miniplayer_6a3ecebe4204c-carousel\" class=\"l-videoCarousel l-videoCarousel--embed c-carousel\" data-video-carousel-play-inline=\"true\" data-video-carousel-init=\"false\" aria-label=\"Video carousel contains 5 videos.\">\n<div class=\"l-videoCarousel__inner\">\n<div class=\"l-videoCarousel__featured\">\n<div class=\"c-video c-videoPlay \" data-iframe-receiver=\"\" data-autoplay=\"\" data-displayinline-featured=\"true\" data-displayinline-type=\"video\" data-displayinline-player-id=\"miniplayer_6a3ecebe4204c\" data-displayinline-video-id=\"11862028\" data-displayinline-ratio=\"16:9\" 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src=\"https:\/\/i2.wp.com\/media.globalnews.ca\/videostatic\/news\/r7jtfvvcqd-ejmz9bzkqr\/akin-web.jpg?w=1040&amp;quality=70&amp;strip=all\" loading=\"lazy\" srcset=\"\" sizes=\"auto, \" data-sizes=\"(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px\"\/><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__overlay\"><\/p>\n<p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<time class=\"c-video__duration\">2:27<\/time><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__title\">King\u2019s throne speech visit cost nearly $900,000, documents show<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div><\/div><\/div>\n<div class=\"l-videoCarousel__glide glide \">\n<div class=\"glide__arrows c-carousel__buttons l-videoCarousel__buttons\" data-glide-el=\"controls\">\n\t<button class=\"glide__arrow glide__arrow--left c-carousel__button c-carousel__prev l-videoCarousel__button l-videoCarousel__prev c-longform-gallery__prev\" data-glide-dir=\"&lt;\"><\/p>\n<p>\t\t<span class=\"sr-only\">Previous Video<\/span><br \/>\n\t<\/button><br \/>\n\t<button class=\"glide__arrow glide__arrow--right c-carousel__button c-carousel__next l-videoCarousel__button l-videoCarousel__next c-longform-gallery__next\" data-glide-dir=\"&gt;\"><\/p>\n<p>\t\t<span class=\"sr-only\">Next Video<\/span><br \/>\n\t<\/button><br \/>\n\t\t<button class=\"c-carousel__goto\" data-glide-dir=\"=0\" aria-hidden=\"true\" tabindex=\"-1\"\/>\n\t<\/div><\/div><\/div>\n<p>\t\t<!-- video stream item --><\/p>\n<\/section><\/div>\n<div class=\"c-ad c-ad--bigbox l-article__ad\">\n<p>Story continues below advertisement<\/p>\n<\/p><\/div>\n<p>Prince William also revealed he paid \u00a37.76 million (CAD $14.55 million) over the same period, the Associated Press reported.<\/p>\n<p>In a statement accompanying the disclosure, the Keeper of the Privy Purse, James Chalmers, said, \u201cIn this and every aspect of his duty, His Majesty is guided by a singular purpose \u2014 to serve with constancy, devotion and unwavering resolve.\u201d<\/p>\n<p>\u201cSo, while much changes, our central principles remain: to deliver value for money and to support the Royal Family as they seek to help shape a better world, here in the United Kingdom, across the Commonwealth and beyond. A future in which tradition and modernity work hand-in-hand for the benefit of all,\u201d he continued.<\/p>\n<div class=\"c-inlineSignup\" data-newsletter-inline=\"\">\n<div class=\"c-inlineSignup__image\">\n\t\t\t\t\t<img decoding=\"async\" width=\"170\" height=\"225\" loading=\"lazy\" src=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/images\/skyline\/national.jpg\" alt=\"Get daily Canada news delivered to your inbox so you'll never miss the day's top stories.\"\/>\n\t\t\t\t<\/div>\n<div class=\"c-inlineSignup__content\">\n<h2 class=\"c-inlineSignup__title\">Get daily National news<\/h2>\n<p>Get daily Canada news delivered to your inbox so you&#8217;ll never miss the day&#8217;s top stories.<\/p>\n<\/p><\/div><\/div>\n<p>The release of the King\u2019s personal tax bill included news that he and his wife, Queen Camilla, would not live at Buckingham Palace upon the completion of a 10-year, \u00a3369-million (USD $487 million) refurbishment, which the family says is part of a plan to increase public access to a building that has been a ceremonial pillar of the monarchy for almost two centuries.<\/p>\n<p>About 700,000 people visit Buckingham Palace every year, according to Chalmers, with its 775 rooms \u2014 a selection of which are open to the public \u2014 providing everything from office space to lavish dining rooms as well as private apartments restricted to royal use.<\/p>\n<p>The current renovations began in 2017 and included an overhaul of outdated plumbing, wiring, and heating systems, as well as an upgrade to the building so it could continue to house future monarchs.<\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad\">\n<p>Story continues below advertisement<\/p>\n<\/p><\/div>\n<p>King Charles and Queen Camilla have never lived together at Buckingham Palace, but it has been home to his predecessors and served as the institution\u2019s administrative headquarters since the 1830s, when Queen Victoria designated it as the family\u2019s principal seat.<\/p>\n<p>Since 2003, their primary residence has been Clarence House, located about half a mile from the palace on the same Central London street.<\/p>\n<div class=\"l-article__part\" data-shortcode=\"caption\">\n<figure class=\"c-figure c-figure--alignnone c-figure--expandable\">\n<div class=\"c-figure__inner\"><figcaption class=\"c-figure__caption c-caption\">\n\t\t\t\t\t\t\t<span class=\"c-caption__desc\"><br \/>\n\t\t\t\t\tMembers of the Royal Family on the balcony of Buckingham Palace, London, to view the flypast following the Trooping the Colour ceremony in central London, as King Charles III celebrates his official birthday. Saturday, June 13, 2026.\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t<cite class=\"c-caption__cite\"><\/p>\n<p>\t\t\t\t\tPA Photo.Aaron Chown\/PA Wire\t\t\t\t<\/cite><br \/>\n\t\t\t\t\t<\/figcaption><\/div>\n<\/figure>\n<\/div>\n<div class=\"c-tabs\">\n<p>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab c-tabs__tab--active\" type=\"button\">More on Trending<\/button><br \/>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab\" type=\"button\">More videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<p>Royal officials stressed that the King and Queen Camilla would continue to work out of the palace, which they said would remain \u201cthe ceremonial and operational center\u201d of the monarchy.<\/p>\n<p>\u201cIt is and will remain Monarchy HQ, the crown jewel of our national buildings,\u201d Chalmers said.<\/p>\n<p>King Charles was under no obligation to publish his tax affairs, which, like those of any citizen, are strictly confidential. His decision to relinquish that right to privacy comes in the wake of dominating headlines over <a target=\"_blank\" href=\"https:\/\/globalnews.ca\/tag\/andrew-mountbatten-windsor\/\" target=\"_blank\" rel=\"noopener\">former Prince Andrew<\/a>\u2018s alleged links to convicted sex offender <a target=\"_blank\" href=\"https:\/\/globalnews.ca\/tag\/jeffrey-epstein\/\" target=\"_blank\" rel=\"noopener\">Jeffrey Epstein<\/a>.<\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad\">\n<p>Story continues below advertisement<\/p>\n<\/p><\/div>\n<p>It also underscores the idea that the monarchy is a public institution and its workings should be public, Craig Prescott, an expert on constitutional law and the monarchy at Royal Holloway, University of London, told the Associated Press.<\/p>\n<p>\u201cIf they\u2019re open and as transparent as possible, then the contrast with Andrew Mountbatten-Windsor becomes all the greater,\u201d he added.<\/p>\n<p>Meanwhile, Prince William, who is first in line to the throne and entitled to income generated through the Duchy of Cornwall \u2014 a 130,000-acre estate set up in the 1300s to provide funds to the Prince of Wales \u2014 has recently moved to <a target=\"_blank\" href=\"https:\/\/globalnews.ca\/news\/11890863\/prince-william-farm-for-sale-duchy-of-cornwall\/\" target=\"_blank\" rel=\"noopener\">sell off a 600-acre farm<\/a> on the property, with the duchy telling Global News it was in the process of \u201caligning and rebalancing our portfolio so that our places and assets deliver the greatest possible social and environmental impact.\u201d<\/p>\n<p>On Thursday, British media reported that Prince William would no longer pocket \u00a31.5 million in annual income from rent charged on the now-defunct Dartmoor prison, which is on Duchy of Cornwall land, and that the money would be redistributed to support community regeneration projects.<\/p>\n<p><em>\u2013with files from the Associated Press<\/em><\/p>\n<\/p><\/div>\n<div>\n<p>\n\t\t&amp;copy 2026 Global News, a division of Corus Entertainment Inc.\t<\/p>\n<\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source globalnews.ca \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>King Charles III has become the first reigning monarch to reveal his personal tax bill, a move that comes amid a broader shift in how the British royal family manages and discloses its finances. According to an official release by the Privy Purse, for the 2024-2025 tax year, Charles paid \u00a312.9 million (CAD $24.19 million), [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2477396,"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":[183049,24734,28927],"class_list":["post-2477395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-royalty","tag-king-charles-iii","tag-trending","tag-world"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/06\/Royal-finances-under-the-spotlight-as-King-Charles-publishes-tax.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2477395","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=2477395"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2477395\/revisions"}],"predecessor-version":[{"id":2477397,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2477395\/revisions\/2477397"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2477396"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2477395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2477395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2477395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}