King Charles to reveal tax details for the first time

[LONDON] Britain’s King Charles III will tell the public for the first time on Thursday (Jun 25) how much tax he pays as monarch, a royal spokesperson said on Sunday, as Buckingham Palace seeks to be more accountable and transparent.

By law, the king is not obliged to pay income tax, capital gains tax or inheritance tax on what he received from Queen Elizabeth II, but he has voluntarily agreed to pay income tax and capital gains tax when he sells private assets.

Details will come as part of annual royal accounts due for release on Thursday.

King Charles III receives personal income from land, private estates and investments on top of the £132 million (S$226 million) that he received from the government in the 2025-2026 tax year to support royal duties.

A Buckingham Palace spokesperson said the move was aimed at encouraging “wider understanding of our accountability”.

King Charles III provided information on his tax payments when he was prince of Wales and intends to continue to do so in future years as king, the palace said.

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The British parliament’s Public Accounts Committee launched an inquiry into residential property arrangements provided to members of the royal family last year. REUTERS