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 Challenge Cup Stakes Queen Elizabeth II Challenge Cup Stakes The Queen Elizabeth II Challenge Cup is an American Thoroughbred horse race for three-year-old fillies held annually since 1984 at Keeneland Race Course near Lexington, Kentucky. Run at a distance of one and one-eighth miles on the turf, the Grade I race currently offers a purse of $500,000. It is an important prep race to the Breeders' Cup Filly & Mare Turf. The race was inaugurated on October 11, 1984, in honour of the British monarch, Queen Elizabeth II, who attended the Keeneland races, during her private visit to Central Kentucky, and who presented