Reynolds painting accepted in lieu of 4.7 million inheritance tax

In Canada, we don't have inheritance tax. We can inherit any amount from our parents and not pay tax on it. This is not the case in other countries. For example, in the U.K. there is such a tax, and for families with huge estates the tax bill can be daunting. In some cases, trying to come up with the cash to pay the bill would actually mean selling the bulk of the estate itself.

One of the