Reeves Weighs Reversing Non-Dom Inheritance Tax Changes, FT Says

Rachel Reeves is considering reversing a decision to charge inheritance tax on the overseas assets of non-doms, according to the Financial Times.

The Treasury is reviewing the decision to abolish the tax break for non-domiciled residents amid a wave of wealthy individuals departing and lobbying from the City of London, the FT said, citing officials and financiers it didn’t identify. The regime would be changed if it was found to aid Britain’s international competitiveness, the FT said, citing one government official.