King Charles III and Prince William have disclosed their personal tax payment information to increase transparency and promote royal accountability.
King Charles III of the United Kingdom has revealed his personal tax payments, stating he paid £12.9 million (approximately 567.5 million baht) in the 2024-25 fiscal year, becoming the first monarch in English history to publicly disclose his tax amounts.
This tax payment places King Charles III among the top 100 highest taxpayers in the United Kingdom.
Prince William, the first in line to the British throne, also reported paying £7.76 million (around 341 million baht) in taxes during the same period.
The palace stated that the voluntary disclosure of tax payments by both royals was a personal decision aimed at increasing transparency and "encouraging public understanding of the monarchy's responsibility and accountability."
According to the released information, since King Charles ascended the throne and Prince William became the Prince of Wales, their combined tax payments to HM Revenue and Customs (HMRC) have exceeded £50 million.
It was also revealed that King Charles and Queen Camilla will continue residing at Clarence House and will not move into Buckingham Palace.
The Sovereign Grant, the annual funding for the British monarch, will increase to £99.9 million starting in the 2027-28 fiscal year (up from £51.8 million three years ago). This funding covers expenses such as staff salaries, building maintenance, and travel for official royal duties.
King Charles III receives annual income from the Duchy of Lancaster estate, a private royal asset established to provide independent funds for official and private royal expenses.
This estate includes land, investments, and properties generating an annual income of £25.2 million in the 2025-26 fiscal year. Other taxable income sources include personal investments, savings, and revenue from private residences such as Balmoral and Sandringham.
Prince William's income comes from the Duchy of Cornwall estate, a hereditary property spanning over 130,000 acres valued at billions of pounds, including London's cricket ground, The Oval. These funds support his official duties, office operations, and family living expenses.
Prince William also announced he will no longer accept the £1.5 million annual rent from the now-abandoned Dartmoor prison property since 2024 and will instead redirect this income to support local communities, especially rural areas near Princetown town close to the prison.
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Source:bbc