Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Inheritance‑tax take hits £1.5bn in two months as flight of non‑doms casts doubt on future revenues

by June 20, 2025
June 20, 2025
Inheritance‑tax take hits £1.5bn in two months as flight of non‑doms casts doubt on future revenues

Inheritance‑tax receipts reached £1.5 billion in April and May, the first two months of the 2025‑26 tax year, HM Revenue & Customs revealed on Thursday.

The figure is £98 million higher than in the same period last year and keeps the levy on its long‑running upward trajectory.

Yet the latest surge comes just as ministers weigh a rethink of one of their most controversial reforms: extending inheritance tax to the worldwide estates of non‑domiciled residents. The measure, announced earlier this year and expected to raise about £430 million annually, is now under review amid reports of an exodus of wealthy non‑doms.

“If rumours are correct, the Chancellor is contemplating a U‑turn,” said Nicholas Hyett, investment manager at Wealth Club. “Not only would that reduce the extra revenue HMRC was banking on, it also highlights the broader economic cost of driving affluent international residents away—lost spending, investment and philanthropy.”

Hyett argued that imposing the UK’s 40 per cent inheritance‑tax charge on global assets was always the easiest change for the super‑rich to sidestep: “City high‑flyers need to be in London; the mega‑wealthy can live anywhere. The UK is attractive, but not attractive enough to surrender 40 per cent of the family fortune.”

Advisers to non‑doms report that as many as 30 per cent of clients are actively relocating or considering relocation to more favourable tax regimes. Even if the Treasury rows back, Hyett warned, “the horse has bolted—plans are made and confidence in Britain’s stability has been dented.”

The debate has been inflamed by fresh speculation that ministers might scrap inheritance‑tax relief on shares listed on London’s junior AIM market, just months after relief was cut in half. “That would be terrible news for AIM,” Hyett said. “The constant tinkering creates exactly the kind of uncertainty that deters long‑term investment in smaller UK companies.”

With receipts climbing but high‑net‑worth taxpayers heading for the exit, the government faces a dilemma: press ahead with reforms in pursuit of extra revenue, or recalibrate to keep globally mobile wealth—and the broader economic benefits it brings—on British soil.

Read more:
Inheritance‑tax take hits £1.5bn in two months as flight of non‑doms casts doubt on future revenues

0
FacebookTwitterGoogle +Pinterest
previous post
Iran talks with Europeans set for Friday; White House sees ‘substantial chance’ for renewed negotiations
next post
Wine shortage fears after bottling workers go on strike at key UK facility

You may also like

Secrets of Success: Emma-Louise Fusari – Founder of...

March 8, 2024

Queens Nephew warns of ‘material uncertainty’ over Quintessentially’s...

January 7, 2025

Tesla’s European sales fall for a fifth month...

June 25, 2025

‘Blazing the trail for others’: easyJet founder Sir...

June 10, 2025

Money on Demand: Where Skrill Makes a Difference...

July 23, 2025

Co-operative Bank looking for buyer amid profits slide

November 9, 2023

From Desert to Downtown: Choosing the Right Car...

May 17, 2025

Sales growth cools at Deliveroo as customers lose...

October 21, 2022

UK inflation rate slows to 7.9% in June

July 19, 2023

Nearly half of Brits want to start or...

April 29, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • NATO defense chiefs stress commitment to Ukraine, discuss security guarantees during virtual summit

      August 21, 2025
    • Russian drone crashes in Polish field; Warsaw protests airspace violation and plans formal complaint

      August 21, 2025
    • Gabbard launches ‘ODNI 2.0,’ with plan to cut workforce by 40%

      August 20, 2025
    • How to set up a smart home on a budget after graduation

      August 20, 2025
    • A Retired Warfighter’s Perspective on the Protectionist BOOTS Act

      August 20, 2025
    • Preserving Educational Choice: Isolated Cases of Misuse Shouldn’t Derail ESA Progress

      August 20, 2025

    Categories

    • Business (8,838)
    • Investing (2,227)
    • Politics (16,450)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved