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King Charles becomes first monarch to reveal tax bill as royal public funding to double to £100m

King Charles III has become the first British monarch to reveal his personal tax payments. He paid £12.9m in tax for the 2024-25 period. Public funding for the royals is increasing amid ongoing work at Buckingham Palace.

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What changed

The monarch has publicly disclosed his tax bill and confirmed he will not reside in the renovated Buckingham Palace.

Live updates

  1. King Charles III Discloses Personal Tax Bill for First Time

    King Charles III has become the first British monarch to reveal his personal tax payments. He paid £12.9m in tax for the 2024-25 period. Public funding for the royals is increasing amid ongoing work at Buckingham Palace.

    What's confirmed:

    • King Charles III is the first British monarch to reveal his personal tax bill.
    • The monarch paid £12.9m in tax for 2024-25.
    • The monarch paid £24.6m in tax over the last two years.
    • King Charles and the queen will not live in Buckingham Palace after its refurbishment is finished.

    Still unconfirmed:

    • Taxpayer funding for royals will rise to £138mn.
    • Royal public funding will double to £100m.
    confidence 90%