Monarch chooses Clarence House despite completion of landmark renovation
In a significant shift from nearly two centuries of royal tradition, King Charles III will not make Buckingham Palace his permanent residence after its extensive refurbishment is completed next year. Royal officials confirmed that the British monarch and Queen Camilla will continue living at Clarence House, marking the first time since Queen Victoria’s reign that a reigning monarch has opted against residing in the iconic palace. Buckingham Palace, however, will remain the ceremonial and administrative headquarters of the British monarchy.
The decision comes as the £369 million, decade-long restoration of Buckingham Palace enters its final phase. The project, launched to modernise outdated electrical systems, plumbing and structural infrastructure, is expected to conclude in 2027. Despite the completion of the renovation, palace officials said the King believes Clarence House better suits his personal and official requirements.
Palace to remain centre of royal ceremonies
Although it will no longer serve as the King’s primary residence, Buckingham Palace will continue hosting state banquets, diplomatic receptions, investitures and major national celebrations. The palace will also remain the official workplace of the Royal Household and a symbol of the British monarchy for millions of visitors each year.
Officials indicated that the move is also expected to improve public access to Buckingham Palace, allowing more visitors to experience the historic landmark while preserving its role as Britain’s most recognised royal institution.
Royal finances disclosed in transparency push
Alongside the housing announcement, Buckingham Palace released unprecedented details about the King’s finances. For the first time, officials revealed that King Charles paid £12.9 million in income and capital gains taxes during the 2024–25 financial year. The disclosure forms part of a broader effort by the royal household to increase financial transparency.
The Sovereign Grant, which funds official royal duties, will rise to £137.9 million for 2026–27 before being reduced in subsequent years at the King’s request. The move reflects the monarch’s emphasis on fiscal responsibility while maintaining the operational needs of the Royal Family.
