{
  "url": "https://openlegislation.uk/inheritance-tax-indexation-order-1988/article-2",
  "json_url": "https://openlegislation.uk/inheritance-tax-indexation-order-1988/article-2.json",
  "legislation": "uksi/1988/505",
  "legislation_title": "The Inheritance Tax (Indexation) Order 1988",
  "legislation_url": "https://openlegislation.uk/inheritance-tax-indexation-order-1988",
  "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(b) in relation to chargeable transfers on or after 6th April 1988 are as follows—\nTABLE OF RATES OF TAX\nPortion of value\nRate of tax\nLower Limit\nUpper Limit\nPer cent\n£\n£\n0\n94,000\nNil\n94,000\n146,000\n30\n146,000\n229,000\n40\n229,000\n343,000\n50\n343,000\n—\n60",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1988/505/article/2",
    "retrieved_at": "2026-10-29T16:09:35.382314+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."
}