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 Coronation Medal wide and apart. Ladies who were awarded the Queen Elizabeth II Coronation Medal, can wear it on their left shoulder with the ribbon tied in the form of a bow. The medals were issued unnamed, except for the 37 issued to the British Mount Everest Expedition. These were engraved "MOUNT EVEREST EXPEDITION" on the rim. Some orders of precedence are as follows: Queen Elizabeth II Coronation Medal The Queen Elizabeth II Coronation Medal is a commemorative medal instituted to celebrate the coronation of Queen Elizabeth II on 2 June 1953. This medal was awarded as a personal souvenir from the