King Charles III will for the first time disclose the amount of taxes he has paid since ascending the throne. The information will be included in the annual financial report of the royal household, which is expected to be published in the coming days. This was reported by Qazaqyia.kz citing Kursiv Media.
Under the law, the British monarch is not obliged to pay income tax, capital gains tax, or inheritance tax on property inherited from his mother, the late Queen Elizabeth II. However, Charles III has voluntarily agreed to pay some taxes, including those arising from the sale of personal assets.
The royal administration explained that the decision to disclose this data is driven by a desire to increase transparency of financial operations and provide the public with a more complete understanding of the palace's reporting principles.
Such practice is not new for Charles III. He previously published information about his tax payments when he held the title of Prince of Wales and decided to maintain this approach after ascending the throne.
In addition to state funds allocated for official duties, the king receives personal income from land holdings, private real estate, and investments.
Against this backdrop, the British parliament earlier launched a review of the conditions under which members of the royal family are provided with residential property.
Earlier, Kursiv reported that a British radio station accidentally "buried" Charles III live on air.