No British monarch will ever live at Buckingham Palace again despite a £369million taxpayer-funded refit of the historic royal residence.The King and Queen will not be moving in even when a decade-long refurbishment of the monarch's official London residence is completed next year, it was confirmed on Thursday.Charles and Camilla will instead reside permanently across The Mall at Clarence House.Prince William has already announced that he and his wife, the Princess of Wales, intend to remain at their private home, Forest Lodge in Windsor, when he eventually accedes to the throne, meaning the next sovereign will not even reside in the capital.The historic royal residence, first used by Queen Victoria in 1837, will instead open its doors to the public more each year in a bid to generate income and be less of a burden on taxpayers.Royal aides yesterday insisted that the building would remain the 'buzzing hive' of 'Monarchy HQ', with meetings, receptions, investitures, audiences, state visits and garden parties all still held there.The apparatus of the Royal Household will also remain in situ, the only difference being that the King - who will come in for meetings daily when in London - will simply sleep next door. No British monarch will ever live at Buckingham Palace (pictured) again despite a £369million taxpayer-funded refit of the historic royal residence Queen Camilla and King Charles III watch an RAF flypast from the balcony of Buckingham Palace after attending Trooping The Colour 2026 Members of Royal Collection Trust staff tend to a chandelier in the East Wing of Buckingham Palace'It will remain the Crown Jewel of our national buildings,' a senior royal aide insisted.However the move will inevitably spark concern amongst some that without a monarch in day-to-day residence the palace will lose its 'heart and soul', not to mention its international cachet, and become another glorified office block.The historic revelation came as Buckingham Palace opened up its books for its annual financial review - which this year they have vowed is more 'transparent' than ever.It showed:King Charles personally paid £12.9million in tax in 2024/25 and has voluntarily forked out more than £30million since he came to the throne. He is the first monarch in history to publish their tax bill.Also revealing his for the first time since becoming Prince of Wales, Prince William voluntarily paid £7.7million in personal income tax and capital gains to HMRC.The heir to the throne also charged his father more than £500,000 in rent last year to continue to use Highgrove, his Gloucestershire home, which William now owns through his Duchy of Cornwall.The core funding of the monarchy is to jump to £100million a year, almost doubling in the space of three years, to fund a backlog in maintenance at occupied royal palaces, strengthen cyber security at royal residences and install energy efficient heating systems.But royal aides insisted they do not have a 'blank cheque' from taxpayers and the monarchy offers good value for money and public service, with funding remaining flat for the next five years.The change in royal living arrangements was revealed on Thursday by the Keeper of the Privy Purse, James Chalmers, who said it had come after careful consideration by His Majesty and advisors.The monarch has long been looking at ways to open up Buckingham Palace to the general public and in doing so become more self-funding.Towards the end of her reign, Queen Elizabeth - who made no secret of her antipathy to living 'above the shop' - only stayed at the palace once or twice a week, preferring to base herself at Windsor Castle, which she adored.