King Charles to Publish 2024-25 Tax Bill, First UK Head of State to Do So
Updated
Updated · The Guardian · Jun 20
King Charles to Publish 2024-25 Tax Bill, First UK Head of State to Do So
3 articles · Updated · The Guardian · Jun 20
Summary
Next week, King Charles will release his total personal tax details for 2024-25, the first time a UK head of state has disclosed such a bill.
Buckingham Palace said the move was made at the king’s express wish to improve the clarity and accessibility of royal finances through a new household report.
Charles, 77, voluntarily pays income tax on private income and capital gains tax on relevant assets; his income streams can include investments, Balmoral and Sandringham, and the Duchy of Lancaster, which generated £26.8 million in 2024-25.
The disclosure contrasts with Prince William, 43, whose tax payment remains undisclosed even though he received nearly £23 million from the Duchy of Cornwall last financial year.
The tax release will accompany sovereign grant accounts and Duchy of Lancaster results, part of a broader palace push to present royal finances as more transparent and modernized.