Non-dom U-turn would keep South African billionaire in UK June 18, 2025 South Africa’s richest self-made woman would cancel her plans to leave Britain if Rachel Reeves goes ahead with a change to non-dom inheritance tax rules said to be under consideration by the Treasury. Magda Wierzycka, the billionaire entrepreneur behind UK venture capital fund Braavos, had intended to join the wave of rich foreigners departing Britain, [...]
Death, taxes and family feuds: Why the UK’s courts are flooded with inheritance tax disputes June 17, 2025 With the rising cost of living, more and more people are relying on inheritance for their financial stability – and much more willing to go to court over a will, says Scott Taylor In an unsettling new trend, approximately 40 per cent of British adults are willing to consider challenging a will in court if [...]
Reeves’ spending spree could open £20bn gap – which taxes will rise? June 12, 2025 Rachel Reeves splashed the taxpayer cash in her inaugural Spending Review, raising expectations the Chancellor may be coming back for more tax revenue in the Autumn if her growth ambitions are not met. Reeves is set to hand out an extra £190bn in government spending over the course of the parliament, in what she described [...]
Labour’s not for turning but the Inheritance Tax battle will rumble on June 5, 2025 Civil servants and politicians could not believe their eyes. As the hoarse grumble of diesel motors thundered along Whitehall, a fleet of tractors descended onto Parliament Square, heralded by a cacophony of honks to the tune of Aqua’s Barbie Girl. Beginning in November, farmers marched to Westminster to protest the government’s inheritance tax (IHT) reforms. [...]
Average earners dragged into IHT net – how can you reduce your taxes? June 5, 2025 New rules to include pensions in estates for Inheritance Tax purposes could see average earners dragged into the IHT net. How can you protect your assets? Inheritance tax receipts rose over £8bn in the 2025 to 2025 financial year, an increase of £0.8bn from the year before. That was due to a combination of rising [...]
Non-dom exodus could blow ‘black hole’ in public finances June 2, 2025 At least 10 per cent of the UK’s non-doms left the UK last year following Rachel Reeves’ crackdown on the tax status, new research claims, a rate which if continued into this year would wipe out the Chancellor’s fiscal headroom. According to the Chamberlain Walker study, conducted by former Treasury economist Chris Walker, a minimum [...]
Reeves inheritance tax raid to cost ‘staggering’ 200,000 jobs June 1, 2025 More than 200,000 jobs could be at risk over the next five years thanks to the government’s inheritance tax raid, new research suggests. Chancellor Rachel Reeves introduced sweeping changes to business and agricultural property relief in the Autumn Budget last year, impacting family-owned business and farms across the UK. A study from CBI Economics, commissioned [...]
Brits prepared to legally challenge an ‘unfair’ inheritance May 27, 2025 Nearly four in ten Brits said they’d dispute a Will and potentially go to court if they thought the inheritance they received was unfair
Reeves must provide ‘more stable’ tax policy, finance bosses say May 20, 2025 Rachel Reeves is facing pressure to provide a “clearer, more stable tax environment,” when she delivers her growth strategy in July. The Chancellor is once again in the spotlight after a damning report from finance bosses indicated the industry was prepped to support growth ambitions, but structural barriers were holding them back. Top players in [...]
Reeves’ tax hikes are ‘death blow to London,’ Britain’s richest warn May 18, 2025 Chancellor Rachel Reeves is under renewed pressure as Britain’s top business leaders and entrepreneurs blasted her economic agenda following The Sunday Times Rich List revealing a record drop in the country’s number of billionaires. Reeves’ crack down on “non-dom” status has accelerated an exodus of leading business bosses fleeing the UK to avoid the Chancellor’s [...]