# Inheritance Tax Act 1984, Paragraph 3


Where tax is chargeable under section 65 of this Act on any occasion after a reduction and the rate at which it is charged is determined under section 69 by reference to the rate that was (or would have been) charged under section 64 on an occasion before that reduction (or before that and one or more other reductions), the rate charged on the later occasion shall be determined as if . . . the Table in Schedule 1 as substituted by that reduction (or by the most recent of those reductions) had been in force on the earlier occasion.

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Source: https://www.legislation.gov.uk/ukpga/1984/51/schedule/2/paragraph/3 (the official version)
Page: https://openlegislation.uk/inheritance-tax-act-1984/schedule-2/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.