SCHEDULES

SCHEDULE 15Inheritance tax: increased nil-rate band

2

1

Section 8D (extra nil-rate band on death if interest in home goes to descendants etc) is amended as follows.

2

In subsection (4), after “8G” insert “ (and see also section 8M) ”.

3

In subsection (9), before the definition of “tax year” insert—

“consumer prices index” means the all items consumer prices index published by the Statistics Board,