"Royal Finances Finally Revealed: King's Tax Bill Sheds Light on Secretive Finances. In a rare glimpse into the monarch's financial dealings, Buckingham Palace has released a two-sentence statement revealing the King's annual tax bill for 2024-25. According to the declaration, the King's tax payable for the year amounts to £12.9 million, a staggering sum that has sparked curiosity about the royal family's financial dealings. The release of this information marks a significant departure from the usual secrecy surrounding the royal finances, leaving many wondering what other revelations might be in store."
The monarch’s declaration does not tell us much, except that his bill is lower than for people with much smaller fortunesThe veil of secrecy that surrounds the royal finances was nudged aside a little on Thursday to allow the release of a new piece of information. We learned for the first time how much the king’s annual tax bill comes to.This was not a full tax return. It was a two-sentence declaration, stating his tax payable amounted to £12.9m in 2024-25, and a slightly smaller sum the year before. His total tax payable since accession comes to £30m. Continue reading...
