What would have been unthinkable in the past has now been implemented by King Charles III (77). As the first British monarch, he has disclosed his personal finances. According to the BBC, Charles paid taxes amounting to 12.9 million pounds for the period 2024-2025. Converted, this currently corresponds to almost 15 million euros.
Prince William is also being transparent
King Charles III is not only the British head of state, but according to the British broadcasting corporation, is also among the 100 largest taxpayers in Great Britain. Heir to the throne Prince William (44), Charles's elder son, is said to have paid 7.76 million pounds in taxes during the same period - converted to about nine million euros. In the period 2023-2024, the King reportedly paid 11.7 million pounds (about 13.6 million euros) and his son 8.34 million pounds (around 9.7 million euros).
Since Charles ascended to the throne after the death of his mother Queen Elizabeth II (1926-2022), he and William have reportedly paid more than 50 million pounds (nearly 58 million euros) in taxes together. However, a detailed breakdown of the tax calculations is not included in the documents.
The published reports indicate, however, that the so-called Sovereign Grant, which the royals receive from the state, is the main source of income for the royal household. For the period 2027-2028, the amount used to finance the institution's official duties is expected to be just under 100 million pounds.
Charles will not reside in Buckingham Palace
At the same time, it is being revealed that Charles and Queen Camilla (78) will not move into Buckingham Palace even after extensive renovation work. The royal couple will instead continue to reside at Clarence House. According to reports, this will enable the public to have broader access. At the same time, there is hope that the palace will generate higher revenues as a tourist attraction.
The disclosure of the tax payments of the King and his son is said to have been a personal decision by the two royals. The disclosure is understood as a deliberate signal. The Court describes the move as part of a modernization process that focuses on greater transparency. The figures are to be disclosed annually in the future.
British monarchs are not legally required to pay income tax. However, Queen Elizabeth II began voluntarily paying income and capital gains tax in 1993. Charles continued this practice.
