Overview
- The Royal Household released detailed figures Thursday showing King Charles III has paid more than £30 million in personal taxes since his 2022 accession and Prince William has paid over £20 million in the same period.
- The statement included specific recent totals of £11.7 million for Charles in 2023–24 and £12.9 million in 2024–25, and annual tax payments by William of £8.34 million for 2023–24 and £7.76 million for 2024–25.
- The publication also set out key finance lines: the Duchy of Lancaster generated £26.8 million for the king in 2024–25 and the Sovereign Grant is listed at £132.1 million for 2025–26 with a planned rise to £137.9 million for 2026–27 to fund the final year of Buckingham Palace renovations.
- The palace announced that the king and queen will not return to live at Buckingham after the works and that the building will be used primarily as a ceremonial centre with greater public access while the couple remain at Clarence House.
- The move follows intensive media coverage and a parliamentary Public Accounts Committee probe into royal housing; it builds on a long practice dating to 1993 under which sovereigns voluntarily pay tax on private income but have not previously published exact totals.