King Charles III will not make Buckingham Palace his primary\nresidence even though a major \u00a3369 million renovation project is set to\nbe completed next year. Instead of moving into the palace that\nsymbolises the British monarchy, Charles has chosen to remain at\nClarence House, his private London residence he has occupied for many\nyears. The decision was announced by royal officials on Thursday,\nmarking the end of a nearly two-century tradition of the British\nsovereign residing primarily at Buckingham Palace since the era of Queen\nVictoria in 1837.<\/p>\n
Keeper of the Privy Purse James Chalmers stressed that Buckingham\nPalace will continue to function as the centre of official royal\nactivities, including state ceremonies and hosting foreign dignitaries.\n\u201cThis palace will remain the headquarters of the monarchy, the crown\njewel of our national buildings, with the sovereign\u2019s standard flying\nproudly from the roof whenever His Majesty is in London,\u201d Chalmers said.\nSince 2019, both Queen Elizabeth II and King Charles have not regularly\nstayed overnight at Buckingham Palace. However, Charles retains a\nprivate suite that can be used at any time while carrying out royal\nduties in London. After the renovation is complete, public access to\nBuckingham Palace will also be expanded. The historic building currently\nattracts around 700,000 visitors each year.<\/p>\n
In the same briefing, the Royal Household disclosed for the first\ntime the amount of tax paid by King Charles as part of efforts to\nincrease the monarchy\u2019s financial transparency. In the 2024\/2025 fiscal\nyear, Charles paid \u00a312.9 million in tax, placing him among the top 100\ntaxpayers in Britain. This amount increased from \u00a311.7 million the\nprevious year, and since ascending the throne in 2022, his total tax\npayments have exceeded \u00a330 million. Legally, the British monarch is not\nrequired to pay income tax, capital gains tax, or inheritance tax.\nHowever, following a tradition started by Queen Elizabeth II in 1993,\nCharles voluntarily pays tax. His main source of private income comes\nfrom the Duchy of Lancaster, a royal asset that generated approximately\n\u00a325.2 million in the 2025\/2026 fiscal year, along with income from\nvarious other investments and private holdings. The Royal Family also\nreceives the Sovereign Grant from the British government to fund\nofficial operations, including staff salaries, palace maintenance, and\nofficial travel. The grant is estimated to reach \u00a3137.9 million in the\n2026\/2027 fiscal year, but Chalmers said the funds will be cut to \u00a3100\nmillion from 2027\/2028 at King Charles\u2019s own request and maintained at\nthat level until 2031\/2032. \u201cThis is not a blank cheque,\u201d Chalmers said,\nemphasising that various oversight mechanisms exist to ensure the use of\npublic funds remains proportionate. Meanwhile, heir to the throne Prince\nWilliam paid \u00a37.76 million in tax in the 2024\/2025 fiscal year. His\noffice also revealed that William instructed \u00a31.5 million in rental\nincome from a decommissioned prison to be allocated to the local\ncommunity. Despite this, both King Charles and Prince William still face\ncriticism regarding the practice of collecting rent from a number of\npublic institutions, including the military, health services, and\nschools situated on royal land.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/king-charles-will-no-longer-live-at-buckingham-palace-heres-why-1782625832", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }