The Inheritance Tax (Indexation) Order 1991

Statutory Instruments

1991 No. 735

INHERITANCE TAX

The Inheritance Tax (Indexation) Order 1991

Made

19th March 1991

The Treasury, in pursuance of section 8(4) of the Inheritance Tax Act 1984(1), hereby make the following Order:

(1)

1984 c. 51; section 8 was amended by section 101(3) of, and paragraph 3 of Schedule 19 to, the Finance Act 1986 (c. 41) with respect to transfers of value made, and other events occurring, on or after 18th March 1986 subject to Part II of Schedule 19 and by section 136 of, and Part X of Schedule 14 to, the Finance Act 1988 (c. 39) in relation to transfers of value made on or after 15th March 1988. Section 8(1) was disapplied in relation to chargeable transfers made in the year beginning 6th April 1987 by section 57(1) of the Finance Act 1987 (c. 16) and in relation to chargeable transfers made in the year beginning 15th March 1988 by section 136(2) of the Finance Act 1988. Section 8(3) was amended by article 6(4) of, and paragraph 5 of Schedule 2 to, the Transfer of Functions (Economic Statistics) Order 1989 (S.I. 1989/992). By virtue of section 100(1) and (2) of the Finance Act 1986 on and after 25th July 1986 the Capital Transfer Tax Act 1984 may be cited as the Inheritance Tax Act 1984, and any reference in that Act to capital transfer tax is to have effect as a reference to inheritance tax, except where the reference relates to a liability arising before 25th July 1986.