# Inheritance Tax Act 1984, Paragraph 12


(1) This paragraph applies where tax is chargeable under paragraph 8 above and paragraph 11 above does not apply.
(2) Where this paragraph applies, the rate at which the tax is charged shall be the higher of—
(a) the first rate (as determined in accordance with paragraph 13 below), and
(b) the second rate (as determined in accordance with paragraph 14 below).

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Source: https://www.legislation.gov.uk/ukpga/1984/51/schedule/4/paragraph/12 (the official version)
Page: https://openlegislation.uk/inheritance-tax-act-1984/schedule-4/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.