News · 26 June 2026
King Charles reveals £12.9m tax bill
King Charles has become the first monarch to publicly share his tax bill, paying £12.9 million for 2024-25, placing him among the UK's top taxpayers. He and Queen Camilla will reside at Clarence House, enabling greater public entry to Buckingham Palace once its £370 million renovation is completed next year. The Sovereign Grant, which provides state financial support for the Royal Family, will also increase to £99.9 million per year starting in 2027-28.
Reported by BBC · How we write briefs