{
  "url": "https://openlegislation.uk/inheritance-tax-indexation-order-1987/article-2",
  "json_url": "https://openlegislation.uk/inheritance-tax-indexation-order-1987/article-2.json",
  "legislation": "uksi/1987/435",
  "legislation_title": "The Inheritance Tax (Indexation) Order 1987",
  "legislation_url": "https://openlegislation.uk/inheritance-tax-indexation-order-1987",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": null,
  "text": "The amounts which, unless Parliament otherwise determines, shall be treated by virtue of section 8 of the Inheritance Tax Act 1984 as specified in the Table in Schedule 1 to that Act in relation to chargeable transfers on or after 6th April 1987 are as follows—\nTable of Rates of Tax\nPortion of value\nRate of Tax\nLower Limit\nUpper Limit\nPer cent.\n£\n£\n0\n74,000\nNil\n74,000\n99,000\n30\n99,000\n134,000\n35\n134,000\n171,000\n40\n171,000\n214,000\n45\n214,000\n267,000\n50\n267,000\n329,000\n55\n329,000\n—\n60",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "The Table in Schedule 1 was substituted by section 101(3) of, and Schedule 19 paragraph 36 to, the Finance Act 1986 with respect to transfers of value made, and other events occurring, on or after 18th March 1986 subject to Part II of Schedule 19."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/435/article/2",
    "retrieved_at": "2026-10-29T16:29:46.649449+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."
}