King Charles made history as his team revealed details about the taxes he paid in response to growing public criticism over the royal family’s “peppercorn” rent reports.
According to Palace, the monarch has paid more than $41 million (£30 million) in personal taxes since ascending the throne in 2022.
He became the first reigning monarch to make this public.
The other major news for the royal fans is that King Charles and Queen Camilla won’t live at Buckingham Palace even after the historic site’s £369million taxpayer-funded renovation.
On Thursday, it was revealed that the King and Queen will reside permanently across The Mall at Clarence House.
As per royal aides, Buckingham Palace will be used as the “buzzing hive” of “Monarchy HQ.” Key meetings, receptions, investitures, audiences, state visits and garden parties all still held there.
Not only that, King Charles’ son, Prince William, shared financial investments made in the Duchy of Cornwall on June 25.
According to People, the annual report outlined a new 10-year strategy that includes an investment of about “$685 million (£500 million) investment in housing, environmental initiatives and local communities across five regions.”
The Prince of Wales further shared that the Duchy received about $2 million (£1.5 million) in annual rent from Dartmoor Prison, which will be used for the betterment of the local community.
2026-06-26 11:40:00
