Britain’s King Charles will publicly disclose how much tax he pays as monarch for the first time, Buckingham Palace announced on Sunday. The details will be included in the annual royal accounts, set for release on Thursday, as part of a broader push to make the monarchy more transparent.
Although the king is not legally required to pay income tax, capital gains tax or inheritance tax on assets he received from the late Queen Elizabeth, Charles has voluntarily chosen to pay income tax and capital gains tax on profits from his private assets a practice he followed as Prince of Wales and intends to continue as king.
Charles receives personal income from land, private estates and investments, in addition to the £132 million ($175 million) provided by the government in the 2025/26 tax year to fund official royal duties.
A Buckingham Palace spokesperson said the decision to publish tax information is intended to “encourage wider understanding of our accountability.”
The announcement comes as the UK Parliament’s Public Accounts Committee continues an inquiry into residential property arrangements provided to members of the royal family part of a growing public debate about royal finances and oversight.
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