skip to navigationskip to main content

FREE Consultation

Call us on
01234 355300 or click on the button below

Click Here

Fixed Fee Quote

Call us on
01234 355300 or click on the button below

Click Here

Sign up to our Tax &
Business Tips Newsletter

FREE Consultation

Call us on
01234 355300 or click on the button below

Click Here

Fixed Fee Quote

Call us on
01234 355300 or click on the button below

Click Here

Sign up to our Tax &
Business Tips Newsletter

"Time for a wealth tax”, say the rich.

Newsletter issue – August 2025

The 2025 Sunday Times Rich List reveals that a small group of 350 families control £772 billion in wealth – enough to fund the UK's annual healthcare budget three times over.

The group Patriotic Millionaires is urging the UK government to introduce a wealth tax to address inequality and invest in public services like the NHS. Julia Davies, a member of the group, argues that concerns over billionaires leaving the UK are misplaced and that focus should shift to real issues like healthcare.

Here's a structured overview of how a UK wealth tax could be designed, based on expert proposals and international models:

There could be a proposed threshold of £10 million in net assets with a suggested annual rate of 2% on wealth above the threshold. Alternative models include tiered rates, for example: 1% on £1–10 million, 2% on £10–50 million, 3%+ on £50 million+, or a one-off tax like a temporary levy.

Both Spain and Switzerland have successfully introduced wealth taxes and have not seen a mass exodus of the super-rich. In Switzerland, the wealth tax generates up to 4.5% of total tax revenue.



Click here to see how easy it is to switch to Cowley Holmes

Become a Client

To find out 8 great reasons why you should get a quote.

Click Here

Claim your FREE Essential Guide to Understanding your accounts