Overview
- Buckingham Palace confirmed that, at the king’s express request, Charles III will publish his personal tax return for the 2024–2025 fiscal year in the coming days alongside the royal household’s annual finance report.
- The disclosure will show the sovereign’s private income sources, including investments, the Balmoral and Sandringham estates, and the Duchy of Lancaster, which reported £26.8 million for 2024–25.
- Charles has continued the voluntary practice begun by Queen Elizabeth II in 1993 of paying income tax on personal earnings and previously made his tax details public when he was Prince of Wales.
- The move follows intensified public and parliamentary scrutiny of royal finances after controversies involving Prince Andrew and is presented by the palace as part of wider steps to improve clarity and accessibility of royal accounts.
- The palace said fiscal details for 2025–26 will not be published until the relevant audit is complete, with those audited figures expected to appear in 2027, and the Sovereign Grant will still cover official state costs.