PETITIONRejectedPetition · petition.parliament.uk
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.
Last fetched 03 May 2026 · petition.parliament.uk
Signatures
10
signatures
Government response threshold (10,000) · 10/10,000
Debate threshold (100,000) · 10/100,000
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.