King Charles Upholds Royal Tradition, Remains at Clarence House as Iconic Buckingham Palace is Restored
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King Charles III will continue his dignified residence at Clarence House while the historic Buckingham Palace receives a £369 million restoration. Demonstrating transparency and responsibility, the King disclosed paying £12.9 million in taxes for 2024-25.
King Charles III will not move into Buckingham Palace after its decade-long refurbishment ends next year, royal officials confirmed Thursday. The monarch and Queen Camilla will remain at Clarence House, their long-standing London residence, as the palace undergoes a much-needed upgrade to preserve Britain’s heritage.
James Chalmers, the king’s treasurer and keeper of the privy purse, emphasized that Buckingham Palace will remain the primary venue for ceremonial and official functions, including welcoming foreign dignitaries and upholding national traditions. > "It is and will remain monarchy HQ, the crown jewel of our national buildings," Chalmers told reporters, highlighting the palace’s enduring importance to the nation.
The renovation, which began in 2017, is expected to cost about £369 million and will ensure the longevity of this 775-room architectural masterpiece. The project includes essential updates to electrical wiring, plumbing, and heating systems, safeguarding the official London home of British monarchs since Queen Victoria. The palace also houses royal offices and hosts prestigious state events. Officials noted that the work will allow for greater public access, further connecting the monarchy with the people.
On the same day, the king set a new standard for openness by releasing his personal tax details for the first time since ascending the throne. He paid £12.9 million in taxes for the 2024/25 fiscal year, placing him among the top 100 taxpayers in Britain. Although the sovereign is legally exempt from income, capital gains, and inheritance taxes, King Charles, following the honorable tradition of his mother Queen Elizabeth II, has voluntarily paid them, demonstrating his commitment to public service and responsibility.
The monarch also receives private income from the Duchy of Lancaster estate and other investments, as has been customary for British sovereigns since 1399. Prince William, the heir apparent, also reported significant tax payments of £7.76 million for the same period, reflecting the royal family’s dedication to transparency.
These announcements come as the royal family continues to serve the nation with dignity, even as they face relentless media scrutiny, including recent coverage of Prince Andrew’s past associations. The monarchy remains a pillar of stability and tradition in British society.