King Charles to reveal personal tax bill for first time as monarch
- Stephen Caldwell

- Jun 21
- 1 min read
Later this week, King Charles III will publish his personal tax bill for the 2024-25 financial year, becoming the first head of state to disclose such private records aimed at improving "clarity and accessibility" around royal finances.
Charles voluntarily pays income and capital gains tax on private assets under the Memorandum of Understanding on Royal Taxation 2023, agreed with the Government to provide the monarch an independent income source historically known as the Privy Purse.
Private income from The Duchy of Lancaster stood at £26.8 million for 2024-25, while the Sovereign Grant totaled £86.3 million last year, comprising £51.8 million for core costs and £34.5 million for the Buckingham Palace Reservicing Programme.
Prince William does not publicly reveal his tax payments despite paying the highest rate of income tax after official costs are deducted from his income from the Duchy of Cornwall.
A Buckingham Palace spokesperson said: "While this is the first time a monarch has shared this personal tax information, you may recall it was similarly released by His Majesty when he was Prince of Wales.
Courtesy Ground News













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