1998 No. 756
INHERITANCE TAX
The Inheritance Tax (Indexation) Order 1998
Made
The Treasury, in pursuance of section 8(4) of the Inheritance Tax Act 19841, hereby make the following Order:
1
This Order may be cited as the Inheritance Tax (Indexation) Order 1998.
2
The amounts which, unless Parliament otherwise determines, will be treated by virtue of section 8 of the Inheritance Tax Act 1984 as specified in the Table in Schedule 1 to that Act2 in relation to chargeable transfers on or after 6th April 1998 are as follows—
TABLE OF RATES OF TAX
Portion of value | Rate of tax | |
---|---|---|
Lower Limit | Upper Limit | Per cent. |
£ | £ | |
0 | 223,000 | NIL |
223,000 | - | 40 |
Graham AllenJim DowdTwo of the Lords Commissioners of Her Majesty’s Treasury
(This note is not part of the Order)