Rishi Sunak news – live: Labour demands explanation as chancellor’s wife defends non-dom tax status
Labour has called for chancellor Rishi Sunak to “urgently explain” how much his family has saved on tax bills after it was revealed that his millionaire wife Akshata Murthy has claimed non-domiciled status.
Although it was not revealed exactly how much has been saved by Ms Murthy, sources told The Independent it could have amounted to millions of pounds in tax on foreign earnings over several years.
The “non-dom” status means that she does not have to pay UK tax on income from dividends from foreign investments, rental payments on property overseas or bank interest. The status also means a person avoids UK inheritance tax.
A spokesperson for Ms Murthy said: “Akshata Murty is a citizen of India, the country of her birth and parent’s home. India does not allow its citizens to hold the citizenship of another country simultaneously. So, according to British law, Ms Murty is treated as non-domiciled for UK tax purposes. She has always and will continue to pay UK taxes on all her UK income.”
