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King Charles will not live in Buckingham Palace after $487 million renovation
CBS News • • general
Key Points:
- King Charles III and Queen Camilla will not reside at Buckingham Palace after its $487 million refurbishment, breaking a nearly 200-year tradition, and will instead remain at Clarence House for the duration of Charles' reign.
- Buckingham Palace will continue to serve as the ceremonial and operational center of the monarchy, hosting official events, state dinners, and providing office space for the royal bureaucracy.
- The decision to live at Clarence House aims to increase public access to Buckingham Palace, allowing more visitors, tours, and events in the historic building, which currently receives about 700,000 visitors annually.
- The refurbishment project, started in 2017, addresses outdated plumbing, wiring, and heating to ensure the palace remains functional for another 50 years and is expected to be completed next year.
- During a royal finances briefing, King Charles III disclosed paying $16.1 million in income and capital gains taxes for the 2024-25 financial year, marking the first time a British monarch has publicly revealed their tax payments.
