King Charles paid over £30 million in tax despite no legal obligation to
King Charles III has paid more than £30 million in tax since becoming king, despite British monarchs having no legal obligation to pay it.
By law, the British monarch is not obligated to pay income, capital gains or inheritance tax. Despite this, it was revealed in June that King Charles III paid £12.9 million in tax in 2024/25 and £11.7 million in 2023/24, totalling more than £30 million since he became king — placing him among the UK’s top 100 taxpayers.
Prince William’s office similarly revealed that he paid £7.76 million in tax in 2024/25 and £8.34 million in 2023/24, more than £20 million in total since becoming heir and Prince of Wales.
Charles is the first British monarch to reveal how much tax he pays, giving the public a more detailed look at royal finances than ever before. Beyond his official income sources — the Sovereign Grant and the Duchy of Lancaster — Charles also holds personal undisclosed assets and investments, along with income from his own estates, Balmoral Castle in Scotland and Sandringham in eastern England, the size of which has not been made public.
Today, the British monarchy is the fifth-richest royal family in the world, with King Charles III ranked as the 11th richest royal globally, according to a report by Global Banking & Finance Review.
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