King Charles, Prince William make historic move to disclose taxes

Britain's King Charles III became the first British monarch to reveal the taxes he paid to the government.

The king paid 12.9 million pounds in income and capital gains taxes in the 2024-25 financial year, up from 11.7 million pounds the previous year.

Information has also come to light that the king and Queen Camilla will not live at Buckingham Palace after the completion of a 10-year, 369 million-pound refurbishment programme as the monarchy seeks to increase public access to the historic building that has been the center of royal life for almost 200 years.

Royal officials stressed the royal couple will continue to work out of the palace, which will remain "the ceremonial and operational center" of the monarchy.

But for the rest of Charles' reign, the king and queen will remain in nearby Clarence House.

Prince William, the current Prince of Wales, also released his tax details on Thursday.

William paid 7.76 million pounds in income and capital gains taxes in the 2024-25 tax year, down from 8.34 million pounds the previous year, his office said.

The announcements come as the royal family tries to shift the narrative after months of embarrassing headlines about the links between the convicted sex offender Jeffrey Epstein and the former Prince Andrew, now known as Andrew Mountbatten-Windsor.