King Charles Paid £12.9 Million in Tax for 2024-25 Tax Year

King Charles paid £12.9 million in tax for the 2024-25 tax year, BBC News reported. The payment places him among the top 100 UK taxpayers. Prince William paid £7.76 million in tax for the same period.

The King paid £11.34 million that year. Combined tax payments by the two since 2022 exceed £50 million. The decision to publish the figures was made personally by King Charles and Prince William, their offices stated.

Buckingham Palace said the disclosures aim to increase transparency and encourage wider understanding of accountability. The tax payable by Prince William for 2025-26 remains under audit and will be published next year. The Sovereign Grant for 2024-25 totaled £86.3 million, with £51.8 million allocated to core spending and £34.5 million to Buckingham Palace renovations.

The grant is projected to reach just under £100 million by 2027-28 and will be set at £99.9 million per year from then for the following five years. King Charles received £25.2 million in income from the Duchy of Lancaster in 2025-26. Prince William will no longer receive the £1.5 million annual rent from the abandoned Dartmoor Prison, with the funds instead directed to support the local community in Princetown.

The prison has stood empty since 2024 due to high radon gas levels. Refurbishments totaling just under £370 million are scheduled for completion in March 2027.

The royal train is set to be taken out of service by 2027. Prince William's three-day trip to Saudi Arabia in February 2026 cost just over £130,000. The King and Queen Camilla's four-day state visit to Italy in April 2025 incurred £126,946 in travel costs.