The UK government’s latest budget has introduced inheritance tax relief for agricultural assets. However farmers are not happy with UK government's inheritance tax cut. Watch to know more.

UK Farmers Not Happy With Inheritance Tax Cut

The UK government’s latest budget has introduced a cap on inheritance tax relief for agricultural assets, setting a limit of $1.3 million. Beginning in April 2026, farms valued above this threshold will face a 20% inheritance tax.

UK Farmers Face Inheritance Tax Cap, Tax Relief Limit Set At $1.3 Mn

Sam Pitroda is the chairman of the Indian Overseas Congress. His recent comments on inheritance tax sparked a row in India. Watch this video to find out.

Lok Sabha elections 2024: Is Congress pitching for inheritance tax amid wealth redistribution row?

In China, a couple left&nbsp;their baby with a nanny, citing a&nbsp;large&nbsp;inheritance of 400 million yuan (around US$55 million) from the wife's ex-partner.&nbsp;Afterward, they disappeared, leaving the nanny whom they had to pay 110,000 yuan (approximately US$15,000). This has sparked intense online debate, with suspicions arising that the couple might not be the child's biological parents and may have exploited the infant in a scam, as reported by the South China Morning Post.

The couple, from Harbin in northeastern China, absconded after leaving their five-month-old in the nanny's care without payment.

They claimed the windfall would come from the wife's dead former partner. Despite several months of service, the nanny received no salary and even lent the couple 50,000 yuan. Evidence provided by the nanny via WeChat indicates financial transactions with the couple.

Also watch |&nbsp;China: Huge walls of dust across landscape | Visibility reduced to less than 500 metres

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<h2>How did the couple convince the nanny?</h2>

Their story about inheriting wealth in Tianjin seemed dubious. To gain the nanny's trust, they showed her manipulated screenshots of alleged inheritances and a photo of a property certificate, which was later revealed to be altered. Attempts to contact the couple have failed, leaving the nanny unable to recover her losses.&nbsp;

“I gave them all my savings, but since November last year, I haven’t received my salary. They owe me and the money I borrowed from my brother. Without any income, I’m still caring for their child,” the nanny told Heilongjiang Radio and Television.&nbsp;

Many online commentators advised her to report the incident to the authorities, suspecting she may have been targeted in a scam.

“Are they even the real parents? Why not take the child with you if you’re going to claim a 400 million-yuan inheritance?” asked one online observer.

“You should report this to the police. This story has too many holes. It’s highly unlikely her ex would leave her such an inheritance unless the child was his. This smells like a scam,” said another.

<a href="https://www.wionews.com/world/us-drops-hammer-on-four-chinese-companies-for-helping-chinas-military-710879">Also read |&nbsp;US blacklists four Chinese companies for supplying AI chips to Chinese military</a>

“Is it possible the child isn’t actually theirs? Maybe they kidnapped the child to sell but, finding no buyers, turned to scamming instead,” said a third person.

While a fourth wrote, "This couple may have either kidnapped or abandoned the child. In either case, it’s a crime. I’m waiting to see if any action will be taken."

(With inputs from agencies)

&nbsp;

In China, a couple left their baby with a nanny, citing a large inheritance of 400 million yuan (around US$55 million) from the wife's ex-partner. Afterward, they disappeared, leaving the nanny whom they had to pay 110,000 yuan (approximately US$15,000).

In China, a couple left their baby with a nanny, citing a large inheritance of 400 million yuan (around US$55 million) from the wife's ex-partner. Afterward, they disappeared, leaving the nanny whom they had to pay 110,000 yuan (approximately US$15,000). This has sparked intense online debate, with suspicions arising that the couple might not be the child's biological parents and may have exploited the infant in a scam, as reported by the South China Morning Post. The couple, from Harbin in northeastern China, absconded after leaving their five-month-old in the nanny's care without payment. They claimed the windfall would come from the wife's dead former partner. Despite several months of service, the nanny received no salary and even lent the couple 50,000 yuan. Evidence provided by the nanny via WeChat indicates financial transactions with the couple. Also watch | China: Huge walls of dust across landscape | Visibility reduced to less than 500 metres How did the couple convince the nanny? Their story about inheriting wealth in Tianjin seemed dubious. To gain the nanny's trust, they showed her manipulated screenshots of alleged inheritances and a photo of a property certificate, which was later revealed to be altered. Attempts to contact the couple have failed, leaving the nanny unable to recover her losses. “I gave them all my savings, but since November last year, I haven’t received my salary. They owe me and the money I borrowed from my brother. Without any income, I’m still caring for their child,” the nanny told Heilongjiang Radio and Television. Many online commentators advised her to report the incident to the authorities, suspecting she may have been targeted in a scam. “Are they even the real parents? Why not take the child with you if you’re going to claim a 400 million-yuan inheritance?” asked one online observer. “You should report this to the police. This story has too many holes. It’s highly unlikely her ex would leave her such an inheritance unless the child was his. This smells like a scam,” said another. Also read | US blacklists four Chinese companies for supplying AI chips to Chinese military “Is it possible the child isn’t actually theirs? Maybe they kidnapped the child to sell but, finding no buyers, turned to scamming instead,” said a third person. While a fourth wrote, "This couple may have either kidnapped or abandoned the child. In either case, it’s a crime. I’m waiting to see if any action will be taken." (With inputs from agencies)

Chinese couple abandons baby with nanny for $55mn inheritance from ex-partner

Good looks are not just a determinant for a good date in the era of swiping left or right over smartphone dating apps. It has now emerged that the children of so-called 'hot parents' earn more than the individuals who are the offspring of more average-looking couples, according to new research by the US-based National Bureau of Economic Research.

The study titled "The Economic Impact of Heritable Physical Traits: Hot Parents, Rich Kid?", has delved into the relationship between the attractiveness of parents and the financial success of their offspring.&nbsp;

<h2>How was the study done?</h2>

The comprehensive analysis utilised existing datasets, examining the appeal of parents and their children, as well as the subsequent earnings of the latter.&nbsp;

The investigation spanned families in the United States and China, while also encompassing the billionaire demographic globally.

Also watch |&nbsp;Study reveals the science behind why we find certain people attractive

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Rather than relying on mathematical measurements such as facial symmetry, the study gauged attractiveness based on assessments from other individuals.&nbsp;

The research brought to light a significant revelation: for every standard deviation above the average looks of their parents, a child's annual earnings surged by over $2,300.

Economist Daniel Hamermesh, a key contributor to the report, told Euro News that beyond conventional assets like property and savings, good looks could be considered an inherited asset, contributing to enhanced income across generations.

"Better-looking people are more likely to be financially and professionally successful throughout their lives,"&nbsp;Hamermesh said.

Also read |&nbsp;<a href="https://www.wionews.com/entertainment/lifestyle/news-study-reveals-the-science-behind-why-we-find-certain-people-attractive-585613">Study reveals the science behind why we find certain people attractive</a>

Explaining the dual impact of this phenomenon, he continued, "It's twofold, your parents being good-looking makes you look good-looking, and that helps you do well. But it's also because if your parents were good-looking, that means they have more money to give you."

Having studied the correlation between success and attractiveness for over a decade, Hamermesh consistently found that attractive individuals are more likely to secure employment and receive higher salaries compared to their less-attractive counterparts. He stressed the underestimated role looks play in determining one's odds of success.

<h2>What does it mean?</h2>

Acknowledging the somber nature of the findings, Hamermesh likened it to other forms of discrimination, stating, "It's exactly the same as any other kind of discrimination."&nbsp;

Despite this, he expressed hope that the research would increase awareness of biases toward better-looking individuals, leading to corrective measures.

Hamermesh advocated for consciousness in combating discrimination, asserting, "If you're conscious of the fact that you're discriminating, you're much less likely to do so." He believed that making people aware of such biases could mitigate their detrimental impact.

In the United States, activists are pushing for an extension of anti-discrimination laws to cover individual attributes.&nbsp;

New York took a step in this direction last year by introducing measures to prevent discrimination based on weight in housing and employment.

(With inputs from agencies)

Good looks are not just a determinant for a good date in the era of swiping left or right over smartphone dating apps. It has now emerged that the children of so-called 'hot parents' earn more than the individuals who are the offspring of more average-looking couples, according to new research by the US-based National Bureau of Economic Research.

Good looks are not just a determinant for a good date in the era of swiping left or right over smartphone dating apps. It has now emerged that the children of so-called 'hot parents' earn more than the individuals who are the offspring of more average-looking couples, according to new research by the US-based National Bureau of Economic Research. The study titled "The Economic Impact of Heritable Physical Traits: Hot Parents, Rich Kid?", has delved into the relationship between the attractiveness of parents and the financial success of their offspring. How was the study done? The comprehensive analysis utilised existing datasets, examining the appeal of parents and their children, as well as the subsequent earnings of the latter. The investigation spanned families in the United States and China, while also encompassing the billionaire demographic globally. Also watch | Study reveals the science behind why we find certain people attractive × Rather than relying on mathematical measurements such as facial symmetry, the study gauged attractiveness based on assessments from other individuals. The research brought to light a significant revelation: for every standard deviation above the average looks of their parents, a child's annual earnings surged by over $2,300. Economist Daniel Hamermesh, a key contributor to the report, told Euro News that beyond conventional assets like property and savings, good looks could be considered an inherited asset, contributing to enhanced income across generations. "Better-looking people are more likely to be financially and professionally successful throughout their lives," Hamermesh said. Also read | Study reveals the science behind why we find certain people attractive Explaining the dual impact of this phenomenon, he continued, "It's twofold, your parents being good-looking makes you look good-looking, and that helps you do well. But it's also because if your parents were good-looking, that means they have more money to give you." Having studied the correlation between success and attractiveness for over a decade, Hamermesh consistently found that attractive individuals are more likely to secure employment and receive higher salaries compared to their less-attractive counterparts. He stressed the underestimated role looks play in determining one's odds of success. What does it mean? Acknowledging the somber nature of the findings, Hamermesh likened it to other forms of discrimination, stating, "It's exactly the same as any other kind of discrimination." Despite this, he expressed hope that the research would increase awareness of biases toward better-looking individuals, leading to corrective measures. Hamermesh advocated for consciousness in combating discrimination, asserting, "If you're conscious of the fact that you're discriminating, you're much less likely to do so." He believed that making people aware of such biases could mitigate their detrimental impact. In the United States, activists are pushing for an extension of anti-discrimination laws to cover individual attributes. New York took a step in this direction last year by introducing measures to prevent discrimination based on weight in housing and employment. (With inputs from agencies)

Inheritance of attraction? 'Hot parents' study claims children of attractive people earn more

Residents of a community in central Germany received the biggest (in terms of price) gift of their lives. They unexpectedly inherited property and a stock portfolio worth €6.2 million ($7.5 million).

This property belonged to an elderly neighbour.

Renate Wedel had lived in Hesse, central Germany, with her husband, Alfred Wedel, since 1975. Alfred died in 2014, and Renate died in December 2019 at the age of 81.

Renate had bequeathed a bank balance, shares and valuables, and her sister, who was her original heir, had already died.

The municipality also inherited a property in Weiperfelden, which was initially left as a legacy, but was declined by the initial inheritor because of the cost of maintaining the house and outbuildings and because residents' contributions were due for work on a local road.

The community is obliged to use the inheritance, valued at €6.2 million, for "community facilities and infrastructure."

Residents of a community in central Germany received the biggest (in terms of price) gift of their lives. They unexpectedly inherited property and a stock portfolio worth €6.

Residents of a community in central Germany received the biggest (in terms of price) gift of their lives. They unexpectedly inherited property and a stock portfolio worth €6.2 million ($7.5 million). This property belonged to an elderly neighbour. Renate Wedel had lived in Hesse, central Germany, with her husband, Alfred Wedel, since 1975. Alfred died in 2014, and Renate died in December 2019 at the age of 81. Renate had bequeathed a bank balance, shares and valuables, and her sister, who was her original heir, had already died. The municipality also inherited a property in Weiperfelden, which was initially left as a legacy, but was declined by the initial inheritor because of the cost of maintaining the house and outbuildings and because residents' contributions were due for work on a local road. The community is obliged to use the inheritance, valued at €6.2 million, for "community facilities and infrastructure."

Woman in Germany leaves $7.5 million to neighbours

Hong Kong's high court on Friday ruled that same-sex couples should receive equal treatment under inheritance law, in a step forward for LGBT rights in the finance hub.

But the victory came on the same day as a separate legal bid for full recognition of foreign same-sex marriages was struck down, underscoring what campaigners say is a lack of progress on equality issues.

Hong Kong's law does not allow same-sex marriage and does not recognise foreign unions, though limited recognition has been granted in recent years in several landmark rulings.

Edgar Ng, a gay Hong Konger, last year launched a legal challenge against the city's inheritance and intestacy laws, alleging discrimination on the basis of sexual orientation.

In 2018 he bought a government-subsidised flat, a year after marrying his partner in London, according to court documents.

Under Hong Kong's housing policy, his husband cannot be recognised as the joint homeowner, and Ng was concerned that should he die without a will, his property would not be passed to his partner.

In the judgement handed down Friday, Judge Anderson Chow said the exclusion of spouses in same-sex marriages from their legal entitlements "constitutes unlawful discrimination".

The judge said "differential treatment is not justified".

LGBT rights activists with campaign group Hong Kong Marriage Equality described the ruling as an "important victory".

"The government should seize this opportunity to work with the LGBT+ community to implement marriage equality in the city," the association said.

Excitement about the legal win was tempered however by a separate ruling on Friday that rejected an application for a judicial review into Hong Kong's law on recognising overseas gay marriage.

In 2018 the city announced that overseas same-sex partners would qualify for the right to live and work in Hong Kong, but other rights are still denied to same-sex couples.

Hong Kong's high court on Friday ruled that same-sex couples should receive equal treatment under inheritance law, in a step forward for LGBT rights in the finance hub.

Hong Kong's high court on Friday ruled that same-sex couples should receive equal treatment under inheritance law, in a step forward for LGBT rights in the finance hub. But the victory came on the same day as a separate legal bid for full recognition of foreign same-sex marriages was struck down, underscoring what campaigners say is a lack of progress on equality issues. Hong Kong's law does not allow same-sex marriage and does not recognise foreign unions, though limited recognition has been granted in recent years in several landmark rulings. Edgar Ng, a gay Hong Konger, last year launched a legal challenge against the city's inheritance and intestacy laws, alleging discrimination on the basis of sexual orientation. In 2018 he bought a government-subsidised flat, a year after marrying his partner in London, according to court documents. Under Hong Kong's housing policy, his husband cannot be recognised as the joint homeowner, and Ng was concerned that should he die without a will, his property would not be passed to his partner. In the judgement handed down Friday, Judge Anderson Chow said the exclusion of spouses in same-sex marriages from their legal entitlements "constitutes unlawful discrimination". The judge said "differential treatment is not justified". LGBT rights activists with campaign group Hong Kong Marriage Equality described the ruling as an "important victory". "The government should seize this opportunity to work with the LGBT+ community to implement marriage equality in the city," the association said. Excitement about the legal win was tempered however by a separate ruling on Friday that rejected an application for a judicial review into Hong Kong's law on recognising overseas gay marriage. In 2018 the city announced that overseas same-sex partners would qualify for the right to live and work in Hong Kong, but other rights are still denied to same-sex couples.

Hong Kong gay couples win legal victory over inheritance law

A Minnesota judge has excluded nearly 30 would-be heirs from the estate of the late pop star Prince, bolstering the inheritance claims of the performer&#39;s sister and surviving half-siblings, probate court records released yesterday showed. 
 
The court order, issued on Thursday, came in response to a flood of individuals seeking a piece of an estate some have valued at more than $500 million, left by Prince when he died unexpectedly in April at the age of 57, apparently without a will. 
 
Claims have poured into the probate court since Prince&#39;s younger sister, Tyka Nelson, filed a petition seeking appointment of a special administrator for the estate and naming herself and five half-siblings as the only known heirs. 
 
In his 19-page order, Carver County judge Kevin Eide appeared to accept those six claims, stating, &quot;The court is not aware of any objection or dispute with the statement that these persons are the siblings or half-siblings&quot; of Prince. 
 
Under the ruling, Tyka Nelson and three half-siblings by Prince&#39;s father will undergo genetic testing - John, Norrine and Sharon Nelson - along with two more individuals claiming to be Prince&#39;s niece and grandniece. 
 
No provision for genetic testing was made for two other half-brothers - Alfred Jackson and Omar Baker - who shared a common mother with the singer. 
 
The judge dismissed claims of heirship from a total of 29 other people purported to have some degree of kinship with Prince, including a professed secret wife who said the CIA had classified their marriage records as top secret. 
 
Among other would-be heirs he denied were five people who came forward claiming Prince was their biological or adoptive father, and several others claiming their dad was also Prince&#39;s genetic parent by way of an extramarital affair with his mother. 
 
Also dismissed were a batch of claims by several people who described themselves as descendants of a sister of Prince&#39;s great-grandfather. 
 
The musician, born as Prince Rogers Nelson, has long been identified in public records as the only surviving son from the marriage between Mattie Della Shaw and John L. Nelson, both of whom are now dead. And Judge Eide ruled there was no &quot;credible, documented claim&quot; of a surviving Prince spouse. 
 
If Prince also left no will and no surviving offspring of his own, as appears to be the case, his estate under Minnesota law would be apportioned in equal shares to his siblings and the nearest surviving descendants of any siblings now dead. Siblings and half-siblings are treated the same. 
 
The special administrator of the estate, Bremer Trust, has said it was in the process of determining the fair-market value of Prince&#39;s estate. 
 
(Reuters)

The court order came in response to a scores of people seeking a piece of Prince's estate after the singer died unexpectedly without a will

A Minnesota judge has excluded nearly 30 would-be heirs from the estate of the late pop star Prince, bolstering the inheritance claims of the performer's sister and surviving half-siblings, probate court records released yesterday showed. The court order, issued on Thursday, came in response to a flood of individuals seeking a piece of an estate some have valued at more than $500 million, left by Prince when he died unexpectedly in April at the age of 57, apparently without a will. Claims have poured into the probate court since Prince's younger sister, Tyka Nelson, filed a petition seeking appointment of a special administrator for the estate and naming herself and five half-siblings as the only known heirs. In his 19-page order, Carver County judge Kevin Eide appeared to accept those six claims, stating, "The court is not aware of any objection or dispute with the statement that these persons are the siblings or half-siblings" of Prince. Under the ruling, Tyka Nelson and three half-siblings by Prince's father will undergo genetic testing - John, Norrine and Sharon Nelson - along with two more individuals claiming to be Prince's niece and grandniece. No provision for genetic testing was made for two other half-brothers - Alfred Jackson and Omar Baker - who shared a common mother with the singer. The judge dismissed claims of heirship from a total of 29 other people purported to have some degree of kinship with Prince, including a professed secret wife who said the CIA had classified their marriage records as top secret. Among other would-be heirs he denied were five people who came forward claiming Prince was their biological or adoptive father, and several others claiming their dad was also Prince's genetic parent by way of an extramarital affair with his mother. Also dismissed were a batch of claims by several people who described themselves as descendants of a sister of Prince's great-grandfather. The musician, born as Prince Rogers Nelson, has long been identified in public records as the only surviving son from the marriage between Mattie Della Shaw and John L. Nelson, both of whom are now dead. And Judge Eide ruled there was no "credible, documented claim" of a surviving Prince spouse. If Prince also left no will and no surviving offspring of his own, as appears to be the case, his estate under Minnesota law would be apportioned in equal shares to his siblings and the nearest surviving descendants of any siblings now dead. Siblings and half-siblings are treated the same. The special administrator of the estate, Bremer Trust, has said it was in the process of determining the fair-market value of Prince's estate. (Reuters)

Minnesota judge denies claims of 29 would-be heirs to Prince estate

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