CHAPTER IIIU.K.SPECIAL PROVISIONS

Article 8U.K.Rate of capital duty

1.Capital duty shall be charged at a single rate.

2.The rate of capital duty applied by a Member State may not exceed the rate applied by that Member State on 1 January 2006.

Where, after that date, the Member State reduces the rate applied, it may not reintroduce a higher rate.

3.The rate of capital duty may not in any event exceed 1 %.