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
Golden Jubilee of Elizabeth II Golden Jubilee of Elizabeth II The Golden Jubilee of Queen Elizabeth II was the international celebration held in 2002 marking the 50th anniversary of the accession of Queen Elizabeth II to the thrones of seven countries, upon the death of her father, King George VI, on 6 February 1952, and was intended by the Queen to be both a commemoration of her 50 years as monarch and an opportunity for her to officially and personally thank her people for their loyalty. Despite the deaths of her sister, Princess Margaret, and mother, Queen Elizabeth The Queen Mother, in February and March