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King won't move into renovated Buckingham Palace as $25m tax bill revealed
Key takeaways
- King Charles is exempt from income and capital gains tax, but pays them voluntarily.
- A royal financial statement released on Thursday contained several revelations, including that the monarchy's public funding would soon be cut.
- It also confirmed Charles III and Queen Camilla had no plans to move into Buckingham Palace, which is a major departure from tradition.
Why this matters: an international story with cross-border implications worth tracking.
King Charles is exempt from income and capital gains tax, but pays them voluntarily. (Reuters: Carl Court)
A royal financial statement released on Thursday contained several revelations, including that the monarchy's public funding would soon be cut.
It also confirmed Charles III and Queen Camilla had no plans to move into Buckingham Palace, which is a major departure from tradition.
Article preview — originally published by ABC Australia. Full story at the source.
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