Key facts
- King Charles III has revealed his personal tax bill, amounting to £24.6 million over two years.
- He is the first British monarch to publicly disclose his tax payments.
- King Charles III will not reside at Buckingham Palace after its refurbishment.
- The monarch will continue to live at Clarence House.
- The sources of the King's income remain undisclosed.
King Charles III is breaking with tradition by revealing his personal tax bill, which totals £24.6 million over the past two years. This move aims to increase transparency regarding the monarch's finances. The specific sources of his income, however, remain undisclosed. In addition to financial disclosures, King Charles III has decided not to reside at Buckingham Palace once its extensive refurbishment is complete. He will continue to live at Clarence House, his current London residence.