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☆ King Charles doesn't have to pay inheritance tax on the Queen's private estate worth more than $750 million
▼ + stars: | 2022-09-11 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

King Charles has inherited the Duchy of Lancaster estate valued at more than $750 million. He will not have to pay inheritance tax on the estate due to a rule approved in 1993. The provision was first exercised in 2002 when the Queen Mother passed on an estate worth about $80 million to the Queen including a collection of Faberge eggs. The Lancaster estate generated revenue of £24 million ($27 million) last year, its financial records state, and the King is now entitled to its income. It had assets worth more than £650 million ($754 million) at the end of March this year, the duchy's website states.

Britain's Queen Elizabeth II inspects a guard of honor at the Presidential palace in New Delhi during her visit to India in 1997. Queen Elizabeth II meets Indian Prime Minister Narendra Modi at Buckingham Palace in London, England in 2015. “If you don’t see people mourning the death of Queen Elizabeth in India, (it is) because she doesn’t have that connection with the new generation of Indians,” Ravi Mishra said. Queen Elizabeth II meets Indira Gandhi at Hyderabad House in Delhi, India, in 1983. The proposition before this house is the principle of owing reparations … the question is: is there a debt?… As far as I’m concerned, the ability to acknowledge a wrong that has been done, to simply say sorry, will go a far, far, far longer way than some percentage of GDP in the form of aid,” Tharoor said.

☆ The life and death of Queen Elizabeth
▼ + stars: | 2022-09-08 | by ( ) www.reuters.com time to read: +9 min

A picture of Britain's Queen Elizabeth is seen as people queue to pay their respects following her death, in London, Britain, September 17, 2022. June 2, 1953 - Queen Elizabeth is crowned at Westminster Abbey in the first televised coronation service. March 30, 2002 - Queen Elizabeth, the Queen Mother, dies at Windsor Castle aged 101. Feb. 6, 2022 - Queen marks her 70th year on the throne, using the occasion to give her blessing to Charles's second wife Camilla being called Queen Consort when he becomes king. Sept. 8, 2022 - Queen Elizabeth dies at Balmoral, aged 96.

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