Reform UK Tax Policy

Reform UK wants to raise the income tax threshold to £20,000, abolish stamp duty on properties under £750,000, scrap inheritance tax, cut corporation tax to 20%, and abolish business rates for high street businesses with rateable values under £51,000.

Yes, abolishing inheritance tax is a core Reform UK pledge. They argue it is a double tax on assets already taxed during a person's lifetime, and that it unfairly penalises farmers and small business owners who want to pass on their livelihoods to their children.

Reform UK wants to raise the income tax personal allowance from £12,570 to £20,000 — taking millions of the lowest-paid workers out of income tax entirely and giving every basic-rate taxpayer a significant pay rise.

Reform UK wants to abolish stamp duty on residential properties up to £750,000. This would make it significantly easier for first-time buyers and people moving home, particularly in high-cost parts of England.

Reform UK's plan is largely funded by cutting public sector waste — scrapping diversity and inclusion roles, abolishing NHS England, reducing foreign aid, and cutting consultancy spending. They also project significant economic growth from reduced tax burdens.