King Charles III decided to make the amount of his personal taxes public, becoming the first British monarch to disclose information of this kind since the creation of the modern constitutional monarchy. The announcement was confirmed by Buckingham Palace and data for the 2024-2025 fiscal year will be published next Thursday (25), according to BBC.
The measure represents another step in the modernization process promoted by Charles since he assumed the throne, in September 2022. Although British sovereigns have paid tax on private income since 1993, due to a practice adopted during the reign of Elizabeth II, there is no legal obligation for this information to be disclosed to the public.
In a statement, the Palace stated that the initiative came from the king himself. According to the institution, the objective is to expand understanding of the Crown’s finances and present this data within its historical and constitutional context.
The announcement comes at a time of increased scrutiny over resources managed by the royal family. In recent years, episodes involving Prince Andrew, Charles’ younger brother, and his association with financier Jeffrey Epstein have increased public pressure for more detailed information about assets, expenses and benefits received by the institution.
Republican groups took advantage of the decision to defend broader measures. The Republic organization stated that the initiative only partially responds to demands for transparency and questioned rules that guarantee specific tax benefits for monarchical succession. Among them is the inheritance tax exemption for assets transferred directly between sovereigns.
Another frequently debated point is the so-called Sovereign Grant, public funds intended to pay for official activities of members of royalty who perform institutional functions. In the 2025-2026 financial year, the value reached £132.1 million, equivalent to around R$900 million. These resources are not subject to taxation.
The debate also reaches other members of the royal family. Unlike Charles when he was heir to the throne, Prince William has chosen not to disclose his tax information since taking over the Duchy of Cornwall.
