UK’s King Charles breaks tradition to reveal US$17 million tax bill

King Charles will not reside at Buckingham Palace following its ten-year refurbishment, which concludes next year. This decision marks the end of nearly two centuries of the palace serving as the British monarch's primary residence. Concurrently, royal officials revealed that King Charles paid £12.9 million (US$17.04 million) in tax for the 2024/25 period, a figure made public for the first time. This tax payment places him among Britain's top 100 taxpayers. These disclosures come as members of the royal family have committed to increased financial transparency, responding to criticism that has emerged since Queen Elizabeth's passing in 2022.