The Palace press release said: “The amount of tax payable by His Majesty since Accession is more than £30 million.”

It noted in the two full tax years since he acceded to the throne on September 10, 2022, his personal bill was £24.6m ($57.4m).

That comprised £11.7m (27.3m) in 2023-24 and £12.9m ($30.1m) in 2024-25. Tax years in Britain run from early April. The press release did not include details of 2022-23.

William, 44, paid more than £20m ($46.7m) in income and capital gains taxes since inheriting the title when Charles became king.

He stumped up £8.34m (19.4m) in 2023-24 and £7.76m (18.1m) in the 2024-25 tax year.

Charles began releasing his personal tax information when he was Prince of Wales.

But he has broken with custom by continuing that as king – Queen Elizabeth did not disclose tax information during her record-breaking seven-decade reign.

British monarchs get money from various sources.

They include the public-funded Sovereign Grant and the private Duchy of Lancaster income, which help fund personal expenses and some official duties.

The sovereign’s other private sources of income include the Balmoral and Sandringham estates as well as art, jewellery and stamp collections, investments and private savings.

Under UK law, monarchs do not have to pay tax on income, capital gains or inheritance.

However, since 1993 Queen Elizabeth and now King Charles have voluntarily paid the first two – following public pressure and scrutiny of the royals’ opaque finances after the 1992 Windsor Castle fire required expensive repairs.

That scrutiny has renewed amid recent scandals surrounding the disgraced former prince Andrew Mountbatten-Windsor, and revelations that he had been paying only a token rent on a Windsor estate mansion.

This week’s raft of disclosures showed the Sovereign Grant, the core funding of the monarchy, will be set at £99.9m ($233.2m) in 2027-28.

The grant – an annual government payment to cover the costs of official royal duties and palaces – had been increased by more than half in 2025-2026 to £132.1m ($308.4m) to cover renovation costs for Buckingham Palace and other royal buildings.

It will rise again for 2026-27 to £137.9m ($321.9m), to “deliver funding for the final year” of the £370m ($863.8m) Buckingham Palace refurbishment project, the Palace said.

It noted Charles and his wife Queen Camilla “will not make Buckingham Palace a personal residence” once the major 10-year modernisation project there is completed.

The decision was “reflecting Their Majesties’ wishes that the palace remain the ceremonial centre of royal life, the primary workplace of the Royal Household and a national heritage asset with increased opportunities for public access”.

Nearby Clarence House will remain the royal couple’s London home, it added.

Meanwhile, the Crown Estate – an independent, commercial business which oversees the royals’ land and property holdings, but hands the proceeds to the government – announced its profits had slumped over the past year.

The profits determine the size of the grant, which is currently set at 12% of its proceeds from two years earlier.

In the year to March, operating profits at the estate – which owns huge swathes of land as well as the seabed and much of the coastline around Britain – fell to £1.2 billion ($2.8b).

That compared with £1.4b ($3.27b) the previous year.

– AFP