King Charles III is set to become the first British monarch to publicly disclose his personal tax bill, as Buckingham Palace moves to improve transparency around royal finances.
King Charles III is about to do something no British monarch has done before reveal exactly how much tax he pays.
Buckingham Palace will publish details of the King’s personal tax payments as part of an expanded financial report covering the 2024-25 financial year, The Telegraph reported. The disclosure will accompany the annual release of royal accounts.
While monarchs aren’t legally obligated to pay certain taxes, Charles has voluntarily settled income and capital gains taxes on private income for years, Reuters reported. Palace officials say the move is part of a broader push to modernise the institution and give the public a clearer window into how royal finances actually work.
The announcement comes amid growing public scrutiny of royal wealth and a wider drive for accountability within the Palace.
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