King Charles to Vacate Buckingham Palace

King Charles III has announced he will not move into Buckingham Palace following its extensive 10-year renovation. The monarch stated his decision is intended to allow greater public access to the historic building, which has been a central part of royal life for nearly 200 years.

While the King and Queen Camilla will continue to use Buckingham Palace for their official duties, they will maintain their residence at Clarence House. Buckingham Palace will remain the monarchy's 'ceremonial and operational center.'

In a separate development, King Charles III has become the first British monarch to publicly disclose his tax payments. For the 2024-25 financial year, he paid £12.9 million (US$16.1 million) in income and capital gains tax, an increase from the previous year's £11.7 million. Prince William also declared paying £7.76 million in taxes for the same period.

Although the King receives public funds, his tax payments are based on income from his private estates, such as Balmoral in Scotland and Sandringham in England. While legally entitled to keep his tax details private, King Charles voluntarily disclosed them to demonstrate transparency and the public nature of the monarchy.

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The King and Queen will continue to use Buckingham Palace for their official duties, but they will maintain their residence at Clarence House.