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Craig Prescott, Lecturer in Law, Royal Holloway, University of London

King Charles reveals his personal tax bill – here’s what it does and doesn’t tell us about royal finances

Buckingham Palace King Charles III Prince of Wales the Duchy of Lancaster Duchy

Buckingham Palace has disclosed that the king has paid tax of £11.7 million in 2023-24 and £12.9 million in 2024-25. The bulk of this tax liability arises from his income from the Duchy of Lancaster, which for 2023-24 was £27.5 million.

This makes him one of the top 100 taxpayers in the country. Kensington Palace has also disclosed that Prince William paid £7.76 million in tax on the profits of the Duchy of Cornwall.

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