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 Cup (Japan) or above. The other Grade 1 races for older female horses in Japan, the Victoria Mile, excludes three-year-olds. Most successful horse (2 wins): * Kawakami Princess finished first in 2006 but was demoted to 12th place following a Stewards' Inquiry. Queen Elizabeth II Cup (Japan) The Queen Elizabeth II Cup ("Queen Elizabeth II Commemorative Cup" until 2012) is an International Grade 1 flat horse race in Japan for three-year-old and above thoroughbred fillies and mares run over a distance of 2,200 metres (approximately 1 mile 3 furlongs) on the turf at Kyoto Racecourse in November. The race was first run