King Charles has revealed how much tax he paid to the British government. He paid £12.9 million, about NZ$25.1 million, in income and capital gains taxes during the 2024-25 financial year. It is the first time he has released this information since becoming King in 2022.
The King had shared his personal tax details before when he was Prince of Wales. His personal income comes mainly from privately owned estates, including Balmoral in Scotland and Sandringham in England. Prince William also released his tax details and paid £7.76 million, about NZ$15.1 million, in the same tax year.
The figures give the public a clearer idea of the King’s personal wealth. They do not include royal buildings, jewels or artworks that belong to the monarchy rather than to him personally. Experts said the decision was a sign of transparency because the King did not have to share the information.
Royal officials also said King Charles and Queen Camilla will not live at Buckingham Palace after its refurbishment is finished. They will continue to work there, but will live at nearby Clarence House. Buckingham Palace is being updated through a 10-year project costing £369 million, about NZ$717 million. The decision may allow more public events and tours at the famous palace.
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