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
Sapphire Jubilee of Elizabeth II Sapphire Jubilee of Elizabeth II On 6 February 2017, the Sapphire Jubilee of Queen Elizabeth II, marking sixty-five years of her reign, occurred. The longest-reigning monarch in British history, Queen Elizabeth II is the first British monarch to have a sapphire jubilee. Contrary to her Silver, Golden and Diamond Jubilees, there were no widespread public celebrations of the Sapphire Jubilee. Instead, like the February 1992 Ruby Jubilee, the Queen did not undertake any official engagements. Instead, she spent the day in "quiet reflection" on the anniversary of the death of her father, George VI, and undertaking official work at Sandringham