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Reeves Considers Inheritance Tax Reversal to Retain Wealth

6/17/2025

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Summary

Story summary

Rachel Reeves is considering a bold move to reverse the inheritance tax on non-doms' overseas assets, driven by concerns over wealthy individuals fleeing and mounting pressure from the City of London. The Treasury is weighing this decision, with potential changes on the horizon if the tax break is seen as a boost for Britain's competitiveness.

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Story summary

Rachel Reeves is considering a bold move to reverse the inheritance tax on non-doms' overseas assets, driven by concerns over wealthy individuals fleeing and mounting pressure from the City of London. The Treasury is weighing this decision, with potential changes on the horizon if the tax break is seen as a boost for Britain's competitiveness.