London. King Charles III will not move into Buckingham Palace after the completion of its 10-year refurbishment programme next year, royal officials announced on Thursday, bringing to an end nearly two centuries of the palace serving as the British monarch's primary residence.
The announcement came as royal officials also disclosed that King Charles paid £12.9 million in tax during the 2024/25 financial year, the first time the figure has been made public, placing him among the United Kingdom's top taxpayers.
The disclosures form part of efforts by the royal family to increase transparency over its finances amid heightened public scrutiny following the death of Queen Elizabeth II in 2022.
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