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King Charles III to Release Personal Tax Records Next Week
The 77-year-old monarch will publish his 2024-25 tax information on Thursday, the first such disclosure by a reigning British monarch. The records will cover income from the Sovereign Grant, the Duchy of Lancaster, and private estates.
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King Charles III, 77, will release his personal tax information and other financial reports for the 2024-25 financial year on Thursday. Buckingham Palace said the decision came at the express wish of the king as part of adaptations carried across since accession. The monarch will also publish details relating to his 2025-26 personal taxes at some point in 2027.
Charles is the first reigning monarch of the United Kingdom to publish his personal tax bill. He remains exempt from income tax, inheritance tax and capital gains tax, though royals have voluntarily paid certain duties since 1993. The records will be released alongside the Sovereign Grant report.
9 million ($183 million). 1 billion net profit in 2024-25. The grant is financed from a portion of the profits of the Crown Estate held by the Treasury and covers official outlays such as staff salaries, state visits and maintenance of royal residences.
7 million ($38 million) in 2024-2025 from the Privy Purse, sourced from the net revenue of the Duchy of Lancaster Estate. Funds from the Privy Purse belong to the king personally and cover both official expenses and private spending.
Charles inherited the private estates of Balmoral and Sandringham from Queen Elizabeth II. His stamp collection was estimated to be worth over £100 million ($133 million) in 2023. 8 billion that year.
