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King Charles won’t live in Buckingham Palace, reveals taxes
DW.com • • general
Key Points:
- King Charles III and Queen Camilla will continue living at Clarence House after Buckingham Palace's 10-year refurbishment, rather than moving back to the palace once renovations finish next year.
- Buckingham Palace will remain the primary location for official ceremonies and state functions, including hosting foreign dignitaries, despite no longer serving as the king's residence.
- The extensive renovation of Buckingham Palace, started in 2017 and costing approximately £369 million, involves updating aging infrastructure and aims to increase public access to the historic building.
- King Charles voluntarily disclosed paying £12.9 million in taxes for 2024/25, placing him among the UK's top taxpayers, despite no legal obligation to pay income, capital gains, or inheritance tax.
- The king's income includes government funding through the Sovereign Grant and private earnings from the Duchy of Lancaster estate, while Prince William paid £7.76 million in taxes for the same period.
