Spain’s King Felipe VI has renounced the inheritance of his scandal-hit father Juan Carlos.
In a statement, the palace reported that Juan Carlos, who abdicated in 2014, would also stop acquiring an once-a-year grant of €194,000 (£174,800 $217,100).
This comes as the 82-year-outdated former king is being criticised for his lavish life-style.
Juan Carlos, who reigned for 39 several years, is also experiencing an investigation by the Swiss financial authorities.
This follows media studies that he experienced gained $100m in 2008 from Saudi Arabia through an offshore account.
The previous monarch has manufactured no feedback on the situation.
Some royal analysts in Spain say that by renouncing his father’s inheritance, King Felipe VI, 52, is making an attempt to length himself from his father’s affairs.
Pivotal purpose in Spain’s fashionable record
Juan Carlos ascended the throne in 1975 on the death of Typical Francisco Franco, the suitable-wing dictator who ruled Spain for 36 years just after his victory over Republican forces in the Spanish Civil War.
Juan Carlos turned Spain’s very first topped head of point out for 44 decades.
But he before long dismissed Franco’s supporters, who wanted an extension to autocratic rule, and ushered in a new procedure of parliamentary monarchy.
As the yrs went on the king involved himself significantly less in working day-to-working day politics, and grew to become a lot more of a figurehead.
He is credited as a stabilising power for independence-minded places these as Catalonia and the Basque region, and he also aided defuse an tried coup in 1981.
Till a couple years right before his abdication his attractiveness was higher, but a lavish elephant searching journey to Botswana in 2012 and corruption allegations involving his youngest daughter, Cristina, and her husband Iñaki Urdangarin, led to phone calls for him to stage apart.