King Charles Will Stay at Clarence House as Palace Role, Taxes and Funding Are Recast

Overview

• The Royal Household confirmed on Thursday that King Charles III and Queen Camilla will remain residents of Clarence House while Buckingham Palace becomes the monarchy’s ceremonial and administrative hub.
• At the same briefing Charles voluntarily disclosed he paid £12.9 million in personal income and capital gains tax for 2024–25 and Prince William disclosed £7.76 million, but officials did not publish the incomes, tax breakdowns or deductions behind those totals.
• The Sovereign Grant — the public subsidy linked to Crown Estate returns that pays for official duties and property upkeep — is projected to rise, with its core component forecast at £99.9 million in 2027–28 to help cover palace renovation and institutional costs.
• The Buckingham modernisation, begun in 2017 and estimated at about £369 million with completion around 2027, will continue while the palace is opened more to visitors and events to generate revenue and public access.
• Officials and experts framed the moves as efforts to increase transparency and blunt reputational damage from recent royal scandals, while analysts note key details remain undisclosed and that security costs are paid separately by the state.