Overview
- Buckingham Palace confirmed that, at the king’s request, the total of Charles’s personal tax payments for the 2024/25 financial year will be published as part of the annual royal finances report on Thursday, 25 June 2026.
- The disclosure will cover taxes on the king’s private income, including revenues from the Duchy of Lancaster, returns on personal investments, and income from private estates such as Sandringham and Balmoral.
- Multiple outlets report the Duchy of Lancaster generated mid-to-high tens of millions in recent annual profits, commonly cited at roughly £24 million to £28 million, which will materially affect the tax totals the palace will publish.
- The palace frames the move as a step to modernize and increase transparency after intensified scrutiny of royal finances following revelations about Prince Andrew’s use of royal properties and related National Audit Office reporting.
- The announcement restores a voluntary practice that began under Queen Elizabeth II in 1993 when she started paying income and capital gains tax, and the palace says the king intends to make the tax figures an annual part of royal financial disclosures.