King Charles Publishes Personal Tax Bill for First Time

King Charles has, for the first time, disclosed his personal tax return, showing a bill of 12.9 million pounds for the 2024 to 2025 tax year. That makes him the first British monarch ever to reveal tax details, and places him among Britain’s 100 biggest taxpayers. Prince William also published his own tax figures for the same period, totaling 7.76 million pounds.

Buckingham Palace said the decision to release the figures was made personally by the king and the prince and was intended to increase transparency and “encourage a wider understanding of our responsibility.” Since Charles became king and William became Prince of Wales, the father and son have paid more than 50 million pounds in tax combined.

The disclosure also confirmed that Charles and Queen Camilla will continue living at Clarence House rather than moving into Buckingham Palace. Officials said the choice would allow wider public access to Buckingham Palace while renovations worth about 370 million pounds continue, and could also generate extra income. It is the first time since Queen Victoria that a monarch has opted not to live in the palace.

The annual royal accounts also showed that the Sovereign Grant, the main source of funding for the royal household, will rise to nearly 100 million pounds for 2027 to 2028. It covers staff pay, building maintenance and official travel, but is not personal income for the royal family. In another transparency move, William said he would no longer personally receive the 1.5 million pounds a year from the empty Dartmoor Prison estate, instead directing the money to support the local community near the rural site, which has been vacant since 2024 because of dangerous radon gas levels.