| Portion of value | Rate of Tax | |
|---|---|---|
| Lower Limit | Upper Limit | Per cent. |
| £ | £ | |
| 0 | 255,000 | NIL |
| 255,000 | – | 40] |
Textual Amendments
F1Sch. 1 Table substituted, unless Parliament determined otherwise (in relation to chargeable transfers made on or after 6.4.2003) by The Inheritance Tax (Indexation) Order 2003 (S.I. 2003/841), art. 2