d’Hive · Public pilot
d’Hive UK Governance
Annual wealth tax›Proposal
Proposal ◈ RECONSTITUTED · d’Hive reconstruction

Reform capital taxes instead of introducing an annual wealth tax

Do not add a recurring net-wealth tax; improve taxes on capital income, gains, inheritances and property instead.

Arguments + 2Arguments − 2Evidence 0Forecasts 0Metrics 0Comments 0

Reconstruction: prioritise reform of taxes on returns, transfers and uses of wealth rather than a recurring tax on the stock of net wealth. Bring capital gains and income into a more coherent system, reduce poorly targeted inheritance-tax reliefs and reform property taxation.

Caveat: this is an IFS-style synthesis, not a proposal submitted to d’Hive by IFS. Precise rates require separate choices.

Source: IFS — Options for tax increases · Open reference

By Institute for Fiscal Studies — reform approach · 31 Aug 2026
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Overview

Reconstruction: prioritise reform of taxes on returns, transfers and uses of wealth rather than a recurring tax on the stock of net wealth. Bring capital gains and income into a more coherent system, reduce poorly targeted inheritance-tax reliefs and reform property taxation.

Caveat: this is an IFS-style synthesis, not a proposal submitted to d’Hive by IFS. Precise rates require separate choices.

Arguments

Supporting (2)

Net vote total: 000

Argument

Targets returns and transfers directly

Capital taxes can tax high returns without charging the same rate to assets producing different returns.

Supports: Reform capital taxes instead of introducing an annual wealth tax

By d’Hive steward · 31 Aug 2026
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Argument

Avoids annual whole-wealth valuation

Existing bases may be simpler to administer than repeatedly valuing all net wealth.

Supports: Reform capital taxes instead of introducing an annual wealth tax

By d’Hive steward · 31 Aug 2026
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Opposing (2)

Argument

Broad reform is politically difficult

Removing reliefs and changing property taxes creates visible losers.

Opposes: Reform capital taxes instead of introducing an annual wealth tax

By d’Hive steward · 31 Aug 2026
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Argument

Does not directly tax existing stocks

Accumulated fortunes may remain untouched until income, sale or inheritance.

Opposes: Reform capital taxes instead of introducing an annual wealth tax

By d’Hive steward · 31 Aug 2026
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Evidence (0)

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Forecasts (0)

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Shared issue metrics

Metric Primary metric

Wealth concentration

Shared issue-level comparison metric: Wealth concentration.

MetricWealth concentration
By d’Hive steward · 31 Aug 2026
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Metric Primary metric

Business investment

Shared issue-level comparison metric: Business investment.

MetricBusiness investment
By d’Hive steward · 31 Aug 2026
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Metric Primary metric

Tax-base erosion

Shared issue-level comparison metric: Tax-base erosion.

MetricTax-base erosion
By d’Hive steward · 31 Aug 2026
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Metric Primary metric

Tax-base migration

Shared issue-level comparison metric: Tax-base migration.

MetricTax-base migration
By d’Hive steward · 31 Aug 2026
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Metric Primary metric

Administration and compliance cost

Shared issue-level comparison metric: Administration and compliance cost.

MetricAdministration and compliance cost
By d’Hive steward · 31 Aug 2026
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Metric Primary metric

Net revenue

Shared issue-level comparison metric: Net revenue.

MetricNet revenue
By d’Hive steward · 31 Aug 2026
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Metric Primary metric

People affected

Shared issue-level comparison metric: People affected.

MetricPeople affected
By d’Hive steward · 31 Aug 2026
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