Royal officials have announced that King Charles will not reside at Buckingham Palace after its refurbishment is completed. The palace, a central London landmark, has served as the primary residence of the British monarch for nearly two centuries. The refurbishment is set to finish next year, following a 10-year process.

It is also reported that King Charles has revealed a significant tax bill of $17 million. Further details on this development are available from the source, Reuters in London, which broke the story on Thursday. Local readers can refer to the original report for more information on the decision and its implications.