Will chancellor Rachel Reeves reverse non-dom inheritance tax changes?
MoneyWeekTuesday, June 17, 2025 at 11:53:31 AM
Chancellor Rachel Reeves is facing a tough decision on whether to backtrack on recent changes to the non-dom inheritance tax rules. Data shows the reforms—which scrap tax perks for wealthy foreign residents—are already pushing some fortunes out of the UK. Reeves might tweak the policy to slow the exodus, but it’s a political tightrope: soften the rules and risk looking weak on tax fairness, or hold firm and possibly scare off more investment.
Editor’s Note: This isn’t just about tax codes—it’s a real-time test of how Labour balances its "fairness" agenda with the risk of spooking the ultra-wealthy. If Reeves adjusts the policy, critics will call it a U-turn; if she doesn’t, the UK’s appeal to global elites could take a hit. Either way, it’s a glimpse into how the new government handles pressure from big money.
— Curated via WP Now’s
