Overview
- Buckingham Palace and the Royal Household on Thursday disclosed that King Charles paid £12.9 million in tax for 2024–25, £11.7 million in 2023–24 and more than £30 million since his accession in 2022.
- Prince William also released personal figures showing £7.76 million paid in 2024–25 and more than £20 million in total since becoming Prince of Wales.
- Palace officials announced that Charles and Queen Camilla will remain at Clarence House and that Buckingham Palace will be retained as the monarchy’s ceremonial and operational headquarters with increased public access once the £369 million, 10‑year refurbishment finishes next year.
- The Sovereign Grant, which rose to cover the cost of the refit, will be reduced to about £99.9–100 million from 2027–28, a one‑off cut officials said will reflect lower palace spending after works end.
- Critics welcomed the greater disclosure but said the figures stop short of full transparency because they do not include detailed breakdowns of investments, tax offsets, Duchy accounts or so‑called grace‑and‑favour housing arrangements.