Rejected petition: Abolish Inheritance Tax to attract investment and strengthen the UK economy
Rejected on
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.
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.
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.