http://www.legislation.gov.uk/id/ukpga/2007/11

Part 1Charges, rates, thresholds etc

Inheritance tax

4Rates and rate bands for 2010-11

1

For the Table in Schedule 1 to IHTA 1984 substitute—

Table
Portion of value
Rate of tax
Lower limit (£)
Upper limit (£)
Per cent.
0
350,000
Nil
350,000
40

Portion of value	Rate of tax
Lower limit (£)	Upper limit (£)	Per cent.
0	350,000	Nil
350,000		40

2

The amendment made by subsection (1) has effect in relation to chargeable transfers made on or after 6th April 2010.

3

That amendment does not affect the application of section 8 of IHTA 1984 (indexation) by virtue of the difference between the retail prices index for September 2009, or September in any later year, and that for September in the following year.

4

But that section does not have effect by virtue of the difference between the retail prices index for September 2008 and that for September 2009.