Inheritance Tax Act 1984 (c. 51)

SCHEDULE 1 U.K.

[F1 Table of Rates of Tax

Portion of value		Rate of tax
Lower limit (£)	Upper limit (£)	Per cent.
0	275,000	Nil
275,000		40]

Textual Amendments

F1 Table in Sch. 1 substituted (with application to any chargeable transfer made on or after 6.4.2005 but before 6.4.2006) by Finance Act 2005 (c. 7), s. 98(1)(a)(3)

[F2 Table of Rates of Tax

Portion of value		Rate of tax
Lower limit (£)	Upper limit (£)	Per cent.
0	285,000	Nil
285,000		40]

Textual Amendments

F2 Table in Sch. 1 substituted (with application to any chargeable transfer made on or after 6.4.2006 but before 6.4.2007) by Finance Act 2005 (c. 7), s. 98(1)(b)(4)

[F3 Table of Rates of Tax

Portion of value		Rate of tax
Lower limit (£)	Upper limit (£)	Per cent.
0	300,000	Nil
300,000		40]

Textual Amendments

F3 Table in Sch. 1 substituted (with application to any chargeable transfer made on or after 6.4.2007) by Finance Act 2005 (c. 7), s. 98(1)(c)(2)(5)