Abolish Inheritance Tax to attract investment and strengthen the UK economy

Abolish Inheritance Tax to attract investment and strengthen the UK economy — 10 signatures. Status: rejected.

Petition background

The Government should abolish IHT and replace it with a fairer, growth-focused system that encourages saving, entrepreneurship and investment. Removing IHT would strengthen the UK economy, attract global capital and support families and small businesses.

Additional details

IHT raises only about 1% of UK revenue yet discourages saving, investment and family business growth. Removing it would attract overseas capital, encourage long-term investment and help retain wealth and talent in Britain. Several successful economies such as Hong Kong and Australia have no IHT, showing that low-tax environments can draw international funds and strengthen fiscal stability. Abolishing IHT would make the UK more open, competitive and globally attractive.

View this petition on the official UK Parliament website

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