King Charles III will not take up residence in Buckingham Palace even after the completion of its extensive, decade-long renovation next year, royal representatives announced Thursday. This marks a departure from tradition, as the palace has historically served as the primary residence for British monarchs. The announcement coincided with the first public disclosure of the King’s personal tax contributions since his ascension to the throne in 2022. Since becoming King, Charles III has paid over £30 million (approximately 845 million Czech crowns) in taxes to the state. Details regarding the King’s future primary residence were not immediately provided. The renovation of Buckingham Palace continues as planned, focusing on essential repairs and modernization of the historic building. This decision signals a potential shift in the monarchy’s approach to royal residences and financial transparency.