Queen Elizabeth The Queen Mother bulk of her estate, estimated to be worth between £50 and £70 million, including paintings, Fabergé eggs, jewellery, and horses, to her surviving daughter, Queen Elizabeth II. Under an agreement reached in 1993, property passing from monarch to monarch is exempt from inheritance tax, as is property passing from the consort of a former monarch to the current monarch, so a tax liability estimated at £28 million (40 percent of the value of the estate) was not incurred. The most important pieces of art were transferred to the Royal Collection by Elizabeth II. Following her death, the Queen successfully applied
Queen Elizabeth II Stakes 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 Knights' Royal Stakes was renamed in honour of Queen Elizabeth II. The first three winners were all trained in France. The present