King Charles to disclose personal tax bill June 25

King Charles III will become the first British monarch in modern history to publicly disclose his personal tax bill, Buckingham Palace announced on Sunday. The unprecedented disclosure, described as a personal decision by the King, will be made on Thursday, June 25, as part of the annual royal financial accounts.

The details will cover the King’s tax payments for the 2024-25 financial year, including tax voluntarily paid on his private income from the Duchy of Lancaster estate, his private estates at Sandringham and Balmoral, and personal investments. While British monarchs are legally exempt from income, capital gains, and inheritance taxes, King Charles, like his mother Queen Elizabeth II before him, has voluntarily paid income and capital gains taxes since 1993. A palace spokesperson stated the decision was made at the King’s express wish as part of ongoing adaptations since his accession to the throne in 2022, with the aim to modernize and increase transparency. The palace has committed to publishing the monarch’s tax details annually going forward.

The announcement comes amid heightened public scrutiny of royal finances. The King’s disclosure will be released alongside...