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Minister denies chancellor’s wife is ‘sheltering’ from tax

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The business secretary has denied that the chancellor’s wife is “sheltering” from taxation by holding a non-domicile status.

The arrangement means Murthy is not subject to UK inheritance tax and is able to circumvent tax on overseas investments and rental income.

Kwasi Kwarteng was quizzed over reports that Akshata Murthy held the status status since as recently as April 2021,

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