{
  "url": "https://openlegislation.uk/estate-duty-interest-on-unpaid-duty-no-2-order-1988/note",
  "json_url": "https://openlegislation.uk/estate-duty-interest-on-unpaid-duty-no-2-order-1988/note.json",
  "legislation": "uksi/1988/1619",
  "legislation_title": "The Estate Duty (Interest on Unpaid Duty) (No. 2) Order 1988",
  "legislation_url": "https://openlegislation.uk/estate-duty-interest-on-unpaid-duty-no-2-order-1988",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nEstate Duty is chargeable in relation to deaths before 13th March 1975; it was replaced for deaths on or after that date by capital transfer tax, now known as inheritance tax. Article 2 of this Order provides that interest on unpaid estate duty will run at 9 per cent (instead of at the previous rate of 8 per cent as imposed by S.I. 1988/1276) under the various provisions which impose a fixed rate of interest. By Article 3 the limit on the discretionary rate of interest which may be charged where payment of estate duty is postponed on grounds of hardship is correspondingly altered by substituting 9 per cent for 8 per cent. The effect of this Order in conjunction with section 48(1) of the Finance Act 1975 (c. 7) is that from 6th October 1988 interest will also run at 9 per cent when overpaid estate duty is repaid.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1988/1619/note",
    "retrieved_at": "2026-10-29T15:58:27.121929+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}