Assets: Taxation
Commons · Question 34320 · Tabled 27 Feb 2025 · Treasury · Official record
Answered 7 Mar 2025
Question
Asked by Lee Anderson
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
Answered by James Murray, 7 Mar 2025
The 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...