Finances of the British royal family are not subject to legislation concerning income tax, capital gains tax or inheritance tax. Furthermore, the Sovereign has no legal liability to pay such taxes. The Duchy of Cornwall has a Crown exemption and the Prince of Wales is not legally liable to pay income tax on Duchy revenues. A "Memorandum of Understanding on Royal Taxation" was published on 5 February 1993 and amended in 1996, 2009 and 2013. It is intended that the arrangements in the memorandum will be followed by the next monarch. The memorandum describes the arrangements by which The Queen and The Prince of Wales make
Coronation of Elizabeth II Coronation of Elizabeth II The coronation of Elizabeth II took place on 2 June 1953 at Westminster Abbey, London. Elizabeth II ascended the throne at the age of 25 upon the death of her father, George VI, on 6 February 1952, being proclaimed queen by her privy and executive councils shortly afterwards. The coronation was held more than one year later because of the tradition of allowing an appropriate length of time to pass after a monarch dies before holding such festivals. It also gave the planning committees adequate time to make preparations for the ceremony. During the service, Elizabeth