Inheritance Tax: British Nationals Abroad

(asked on 30th June 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of changes to a residence-based inheritance tax system on the numbers of UK residents with permanent homes outside of the UK.


Answered by
James Murray Portrait
James Murray
Exchequer Secretary (HM Treasury)
This question was answered on 8th July 2025

A supplementary forecast information release around the costings of reforms to the non-domicile regime, including the move to residence-based inheritance tax system, was published by the Office for Budget Responsibility in January 2025. This costing outlines the certified impact of ending the non-domiciled tax status on revenues to the Exchequer and the underlying behavioural assumptions.

https://obr.uk/docs/dlm_uploads/Non-doms-supplementary-release-Jan-2025.pdf

Reticulating Splines