King Charles reveals his personal tax bill - here's what it does and doesn't tell us about royal finances

Contributing sentiments towards policy:

58% : Over the past 20 years, it has become expected that the prime minister and the chancellor disclose their tax returns.
55% : The king has renewed this agreement, but this is the first time that a sitting monarch has disclosed their tax bill.
53% : As a result, from 1993 onwards, Elizabeth II agreed to pay tax on her private income.
53% : It brings the monarchy more into line with an increasing expectation for public figures in general to be more transparent about their tax affairs.
50% : Buckingham Palace has disclosed that the king has paid tax of £11.7 million in 2023-24 and £12.9 million in 2024-25.
50% : Kensington Palace has also disclosed that Prince William paid £7.76 million in tax on the profits of the Duchy of Cornwall.
45% : The bulk of this tax liability arises from his income from the Duchy of Lancaster, which for 2023-24 was £27.5 million.
45% : However, unlike other public figures, only the overall tax paid has been disclosed - not how this figure has been arrived at, or if any expenses have been deducted.
45% : As the sovereign grant is not income received personally by the king or William, this is not subject to income tax.
44% : The king is not legally liable to pay tax.
44% : Yet by the 1990s it was becoming increasingly anomalous that one of the wealthiest people in the country did not pay tax.
41% : As the duchies are not corporations in the traditional sense, they do not pay corporation tax.

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