Petition

Abolish inheritance tax for everyone

Rejected 21 signatures

What the petition asks

There is a petition asking for an abolition of inheritance tax for farmers. I call for it to be abolished completely. When someone dies the family experiences the most stressful experience imaginable. The last thing needed is a tax bill or to be forced to sell family assets to pay it.
The OBR In 2024-25 forecasts that IHT will raise £7.5 billion representing 0.7 per cent of all receipts and is equivalent to 0.3 per cent of national income. (1) £7.5 billion is nothing compared to a government income of £1 trillion. There are better ways to fund this and I have set up petitions for this. It is high time it was abolished completely, if anything, for humanitarian reasons.
(1) https://obr.uk/forecasts-in-depth/tax-by-tax-spend-by-spend/inheritance-tax/

Why it was rejected

There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.

You may wish to sign:

Don't change inheritance tax relief for working farms
Don't change inheritance tax relief for working farms

Timeline

23 Nov 2024 Petition opened for signatures
13 Dec 2024 Rejected by the Petitions Committee

Key facts

Signatures 21
Status Rejected
Rejected 13 Dec 2024

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Source: the official petition page. Last checked 28 Jul 2026.