# Finance Act 1993, Section 197: Rate bands: indexation for 1994 onwards.


(1) In section 8 of the Inheritance Tax Act 1984 (indexation of rate bands)—
(a) in subsection (1) for “December in 1984” there shall be substituted “ September in 1993 ” and for “previous December” there shall be substituted “ previous September ”;
(b) in subsection (3) for “December” there shall be substituted “ September ”;
(c) in subsection (4) for “1985” there shall be substituted “ 1994 ”.
(2) This section shall apply in relation to chargeable transfers made on or after 6th April 1994.

---
Source: https://www.legislation.gov.uk/ukpga/1993/34/section/197 (the official version)
Page: https://openlegislation.uk/finance-act-1993/section-197
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.