Inheritance Tax

Country had had 20 billionaires at the last count: more than some other major economies

Hindu and Christian personal law treat adopted child on a par with natural-born ones

King Charles III is the oldest person to become a new monarch. He has been preparing for the crown since he was four years old, when his mother Queen Elizabeth II ascended to the crown

The Supreme Court on Thursday said the daughters of a male Hindu, dying intestate, would be entitled to inherit the self-acquired and other properties obtained in the partition by the father

If the Centre-Left Social Democrats (SPD), hard-Left Linke and environmentalist Greens come to power, the reintroduction of a wealth tax and tightening of inheritance tax could be on political agenda

The family said it planned to pay the bill over five years in six instalments, starting this month.

Tax experts are, however, divided over the issue of whether family trusts should be exempted from inheritance tax