(BBC) – King Charles has become the first monarch to reveal their tax bill, disclosing figures that show he paid £12.9m in tax for 2024-2025.
The level of tax paid by the King places him among the top 100 UK taxpayers.
The Prince of Wales declared he paid £7.76m tax over the same period, the figures in the annual royal report and accounts show.
It has also been revealed that the King and Queen Camilla will continue to live in Clarence House and not move into Buckingham Palace.
Meanwhile, the accounts show that the main source of annual public funding for the Royal Household – the core element of the Sovereign Grant – will nearly double within three years to just under £100m by 2027-28.
The Sovereign Grant for 2024-25 was £86.3m, with £51.8m of it going towards core spending and an extra £34.5m funding Buckingham Palace renovations.
When this work is finished, the overall figure will fall from £137.9m to £99.9m, but this will be significantly higher than in previous years.
