Abolish Inheritance Tax to attract investment and strengthen the UK economy
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.
Signatures
10
signatures
Government response threshold (10,000) · 10/10,000
Debate threshold (100,000) · 10/100,000
- 09 DEC 2025Petition rejectedduplicate
You may wish to sign this petition which calls for similar action: https://petition.parliament.uk/petitions/738649
- 09 NOV 2025Petition created
Background
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.