Written Question·Treasury·UIN 34320
Assets: Taxation
Tabled: 27 February 2025
Answered: 7 March 2025
Question
Lee Anderson
Reform UK — Ashfield
To ask the Chancellor of the Exchequer, if she will make it her policy not to implement a wealth tax on assets above a certain threshold in the Spring Statement 2025.
Answer
James MurrayThe UK does not have a standalone wealth tax, though there are several long-standing taxes on assets and wealth that generate substantial revenue for the government.In addition to collecting substantial revenue from existing taxes on wealth and assets, th...
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