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
Queen Elizabeth II Stakes of the British Champions Series. Most successful horse (2 wins): Leading jockey (8 wins): Leading trainer (5 wins): Leading owner (5 wins): Queen Elizabeth II Stakes The Queen Elizabeth II Stakes is a Group 1 flat horse race in Great Britain open to horses aged three years or older. It is run at Ascot over a distance of 1 mile (1,609 metres), and it is scheduled to take place as part of British Champions Day each year in October. The event was established in 1955, and it was originally held in September. It was created when a race called the