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 Botanic Park Islands. The show is held annually in March. Queen Elizabeth II Botanic Park Queen Elizabeth II Botanic Park is a non-profit outdoor garden and wildlife facility located in the North Side District of Grand Cayman Island in the British West Indies. The park is owned jointly by the Cayman Islands Government and the National Trust for the Cayman Islands, a group dedicated to preserving natural environments and places of historic significance in the Cayman Islands. Opened in 1994 with only the Woodland Trail completed, the park now also contains the Floral Colour Garden, a Cayman Heritage Garden, a lake, an