AdvertisementSKIP ADVERTISEMENTYou have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load.Charles released his tax information for the period he has been king of Britain as part of a push for greater transparency after the scandal involving the former Prince Andrew.Listen · 5:49 min King Charles III and Queen Camilla at the Royal Ascot horse races last week.Credit...Alastair Grant/Associated PressPublished June 25, 2026Updated June 26, 2026King Charles III released details of his personal income taxes on Thursday, becoming the first British monarch to do so amid public demands for more transparency from the royal family.Since ascending to the throne, the king has paid more than 30 million pounds — around $39.5 million — in taxes, Buckingham Palace confirmed in an annual briefing on royal finances. The palace also revealed that King Charles and Queen Camilla will not make Buckingham Palace, long the official London residence of the monarchy, their home once a decade-long refurbishment project is completed there next year.More details will be published on Friday morning, including a new document summarizing the various sources of royal finances, “as part of the Royal Household’s commitment to transparency,” the palace said in a statement.Thursday’s statement on the financial assessment includes a look at the sovereign grant, the public money that pays for the monarch’s official duties and the royal palaces.For centuries, net profits from the Crown Estate, the huge collection of land and offshore assets in the United Kingdom that belongs to the reigning monarch, has been passed to the government in return for a fixed yearly payment to finance the royal family and its duties. Since 2012, this payment has taken the form of the sovereign grant, which is calculated as a percentage of the estate’s profits.The sovereign grant for the year from 2025 to 2026 rose to 132.1 million pounds, or around $174 million, benchmarked against the revenue of the Crown Estate. Over half of the grant, some 67.5 million pounds, was allocated to preserving and protecting the occupied royal palaces, the palace said.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe.AdvertisementSKIP ADVERTISEMENT