- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
(1)In the [1984 c. 51.] Inheritance Tax Act 1984 (in this Part of this Act referred to as "the 1984 Act") section 8(1) (indexation of rate bands) shall not apply to chargeable transfers made in the year beginning 6th April 1987.
(2)For the Table in Schedule 1 to that Act there shall be substituted the Table set out below:
Portion of value | Rate of tax | |
---|---|---|
Lower limit | Upper limit | Per cent. |
£ | £ | |
0 | 90,000 | Nil |
90,000 | 140,000 | 30 |
140,000 | - 220,000 | 40 |
220,000 | 330,000 | 50 |
330,000 | — | 60 |
(3)Subsection (2) above applies to any chargeable transfer (within the meaning of the 1984 Act) made on or after 17th March 1987.
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: