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
Diamond Jubilee of Elizabeth II Diamond Jubilee of Elizabeth II The Diamond Jubilee of Elizabeth II was a multinational celebration throughout 2012, that marked the 60th anniversary of the accession of Queen Elizabeth II on 6 February 1952. Queen Elizabeth is queen regnant of 16 sovereign states, known as Commonwealth realms, including the United Kingdom. The only other time in British history that a monarch celebrated a Diamond Jubilee was in 1897, when Queen Victoria celebrated hers. Commemorative events were held throughout the Commonwealth of Nations. Unlike the Queen's Silver and Golden Jubilees, when the Queen toured most of her realms around the world, Elizabeth