King Charles to remain at Clarence House and publishes tax contributions

King Charles III has announced that he will not move into Buckingham Palace following the completion of its 369 million pound renovation in 2027, ending a tradition dating back to 1837. He will continue to reside at his long-term central London home, Clarence House, though Buckingham Palace will remain the official headquarters for state ceremonies and diplomatic receptions. Royal treasurer James Chalmers stated the palace remains the nation's most important building, with the royal standard to be flown whenever the monarch is in London. In a move aimed at increasing financial transparency, the King also disclosed his tax payments for the first time. For the 2024/25 fiscal year, King Charles paid 12.9 million pounds in taxes, while Prince William paid 7.76 million pounds. The King derives his primary income from the Duchy of Lancaster, totaling approximately 25.2 million pounds annually. Prince William is funded by the Duchy of Cornwall, which covers his official duties and private life. Since 2022, the combined tax contributions of the King and the Prince of Wales have exceeded 50 million pounds.