Overview
- The Royal Household disclosed Thursday that King Charles III has paid more than £30 million in income and capital gains tax since 2022, including £12.9 million for 2024–25.
- The annual report shows the Sovereign Grant rose to £132.1 million for 2025–26 after Crown Estate revenues climbed from about £442 million to more than £1.1 billion, a jump linked to offshore wind leases.
- The government cut the percentage used to calculate the Sovereign Grant in response to the Crown Estate surge, and the grant will fall to about £99.9 million a year after the final year of palace works.
- Buckingham’s renovation, budgeted at roughly £369 million and due to finish in 2027, will leave the palace as the main ceremonial and state venue while Charles and Camilla remain at Clarence House.
- The accounts show the Duchy of Lancaster gave the king about £25.2 million in 2025–26 and that combined voluntary tax payments by Charles and Prince William since 2022 top £50 million, but critics say the figures lack the detailed breakdowns needed to fully judge royal finances.