Rejected petition 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.

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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.

This petition was rejected

Why was this petition rejected?

There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

You may wish to sign this petition which calls for similar action: https://petition.parliament.uk/petitions/738649

We only reject petitions that don’t meet the petition standards.

Date submitted 9 November 2025
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