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King Charles and Queen Camilla will not move into Buckingham Palace when £369m of buildings works to update it finish next year, preferring to remain at Clarence House, their London home nearby.

The announcement came as it was revealed the king paid £12.9m in income and capital gains tax in 2024-25 on his personal income, known as the privy purse, making him among the country’s top 100 taxpayers. Prince William paid £7.76m for the same period.