International21 June 2026

King Charles to reveal tax details for the first time

Britain's King Charles will tell the public for the first time on Thursday ​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, Charles ​is not obliged to pay income ​tax, capital gains tax or inheritance tax on ⁠what he received from Queen Elizabeth, but ​Charles 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.



  • Charles receives personal income from ​land, private estates and investments on top of the £132 million ($175 ‌million) ⁠he received from the government in the 2025/26 tax year to support royal duties.



  • A Buckingham Palace spokesperson said the move aimed to "encourage wider ​understanding of ​our accountability".



  • Charles ⁠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.



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




($1 = 0.7557 pounds)

-Reuters
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