Labour has announced it will abolish the non-dom tax status if they are elected into government.
Shadow chancellor Rachel Reeves says they will do away with the tax loophole used by people who live in the country but are not legally domiciled in it.
Until recently, the prime minister’s wife Akshata Murty, who is believed to be worth hundreds of millions of pounds, held non-dom status.
It meant that her permanent home was considered to be outside of the UK – even though she was technically domiciled on Downing Street.
At the time, Labour said it was “staggering” that Sunak’s family “may have been benefitting from tax reduction schemes”, and called on the chancellor to “urgently explain how much he and his family have saved on their own tax bill at the same time he was putting taxes up for millions of working families”.
Questions were also raised after it was revealed that Murty leaned heavily on the state during the Covid-19 pandemic.
Speaking to reporters, Reeves said a Labour government would have rid of non-dom tax status, saying: “If you make Britain your home, you will pay your taxes here”.
Watch the clip in full below:
Related: Labour ‘ready to rebuild Britain’ after Tory chaos, says Reeves
