The annual royal finance reports have confirmed that King Charles and Queen Camilla have no intention of ever living in Buckingham Palace, ending a tradition dating back to 1837. The monarch will remain at Clarence House, his long-term London home, while the palace is repurposed as a strictly official venue for state banquets, ceremonies, and garden parties.
Why the Decision Was Made
Officials stated that the King prefers the more intimate setting of Clarence House, which he has occupied for decades. The Prince and Princess of Wales have also ruled out moving into the 775-room palace, having established Forest Lodge on the Windsor Estate as their permanent home. The decision marks a generational shift in royal living arrangements.
Taxpayer-Funded Refurbishment
The announcement follows a 10-year, £369 million taxpayer-funded refurbishment of Buckingham Palace, set to conclude in March 2027. Critics argue that refusing to live there risks turning the landmark into a museum and could deter tourists. However, officials insist the palace will remain a vibrant hub for official duties.
Financial Transparency
Alongside the residence news, the royal accounts revealed that King Charles and Prince William have paid a combined total of over £50 million in tax since Charles ascended the throne in 2022. Both disclosed their personal tax bills for the first time as part of a modernisation push spurred by public scrutiny over royal living costs.
