Finance Act 1993 (c. 34)

Part IV U.K. Inheritance Tax

197 Rate bands: indexation for 1994 onwards. U.K.

(1) In section 8 of the Inheritance Tax Act 1984 (indexation of rate bands)—

(a) in subsection (1) for “December in 1984” there shall be substituted “ September in 1993 ” and for “previous December” there shall be substituted “ previous September ”;

(b) in subsection (3) for “December” there shall be substituted “ September ”;

(c) in subsection (4) for “1985” there shall be substituted “ 1994 ”.

(2) This section shall apply in relation to chargeable transfers made on or after 6th April 1994.