King Charles reveals he paid £12.9m in tax for 2024-25
Summary
King Charles has shared that he paid £12.9 million in taxes for 2024-2025, making him the first British monarch to reveal his tax bill. The Prince of Wales also disclosed paying £7.76 million in tax over the same period, and both continue to provide these details voluntarily to increase transparency.Key Facts
- King Charles paid £12.9 million in taxes for the year 2024-2025.
- The Prince of Wales (Prince William) paid £7.76 million in taxes for the same period.
- King Charles is ranked among the top 100 taxpayers in the UK.
- The main funding for the Royal Household, the Sovereign Grant, is set to rise to nearly £100 million by 2027-28.
- King Charles and Queen Camilla will stay living in Clarence House, not Buckingham Palace.
- Since King Charles became monarch and William became Prince of Wales, together they have paid over £50 million in taxes.
- King Charles’ income comes from the Duchy of Lancaster estate, which gave him £25.2 million in 2025-26.
- Prince William earns income from the Duchy of Cornwall, which includes the Oval cricket ground and other lands.
- Prince William will no longer take the £1.5 million annual rent from the unused Dartmoor Prison; instead, this money will support the nearby community.
- The royal accounts detailed costs for overseas visits, including £130,000 for Prince William’s trip to Saudi Arabia and £126,946 for the King and Queen’s visit to Italy.
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