Prince William’s recent financial disclosures have stirred controversy over his tax payments. The Prince of Wales, who inherited the Duchy of Cornwall estate and its associated income after King Charles' ascension, has come under scrutiny for not releasing detailed tax information.
For the 2023-2024 financial year, Prince William received a distributable surplus of £23.6 million ($30.4 million), covering official, charitable, and private expenses for himself, Kate Middleton, and their three children. While he is believed to pay income tax on the full amount minus household costs, these costs have not been disclosed.
This lack of transparency marks a departure from the practices of his father, King Charles, who, as Prince of Wales, provided a detailed breakdown of household costs and tax payments. For instance, Charles disclosed paying over £5 million in tax for the years ending 2021 and 2022.
Despite Kensington Palace's insistence that William is paying appropriate taxes, reportedly even more than his father due to his higher income, the decision to withhold specific details has raised eyebrows. This move is part of several changes Prince William has implemented since taking over the Duchy.
