King Charles III becomes first British monarch to reveal his income
Photo: King Charles III (from open sources)
British monarch Charles III voluntarily paid taxes amounting to £12.9 million – $17 million – in the period from 2024 to 2025, according to Bloomberg.
Charles III's son, Prince William, in turn, paid £7.76 million in income tax and capital gains tax for the 2024-2025 tax year.
The information on assets and taxes was published on Thursday by Buckingham and Kensington Palaces.
Buckingham Palace did not disclose the tax rate paid by the King. However, according to the latest reports from the Duchy of Lancaster – the King's main source of personal income – the monarch received £26.5 million in dividends in 2024-25.
Prince William's report states that he pays the highest rate of income tax and capital gains tax on all his personal income.
King Charles III's tax costs rose from £11.7 million in 2023-24, while Prince William's total taxes decreased from £8.34 million that year.
"While royal finances can sometimes appear complex, the underlying system is clear in principle, structured in law and refined over time to ensure the monarch can serve with independence, accountability and in the long-term interests of the nation," said James Chalmers, Keeper of the Privy Purse.
Days ago, it was reported that King Charles III will become the first British monarch in the modern era to publicly disclose his personal tax bill.
It was also reported that Charles III, speaking before the US Congress, made a veiled signal to President Donald Trump and Republicans not to cut aid to Ukraine.
