Britain’s King Charles III is set to publicly reveal the amount of personal tax he pays, becoming the first reigning British monarch to disclose such information as part of efforts to improve transparency around royal finances.
Gatekeepers News reports that Buckingham Palace said the King’s tax details for the 2024/25 financial year will be published on Thursday alongside the Royal Household’s annual financial reports. The disclosure will include the total amount of tax paid on income from private investments and profits generated by his private estates.
Although British monarchs are not legally required to pay income tax, capital gains tax or inheritance tax on certain assets inherited from previous sovereigns, Charles has voluntarily paid income and capital gains taxes for years, a practice dating back to his time as Prince of Wales.
The move comes amid growing calls for greater accountability and public scrutiny of royal finances. Buckingham Palace said the decision is part of broader efforts to enhance understanding of how the monarchy is funded and managed, while continuing to modernise the institution.
According to reports, the King’s disclosure will form part of a wider package of financial publications, including reports on the Sovereign Grant and the Duchy of Lancaster, which provides income to the monarch.
