# The Inheritance Tax (Indexation) Order 1990

S.I. 1990/680 · made 20 March 1990

By this Order, made under the provisions of section 8 of the Inheritance Tax Act 1984 (formerly the Capital Transfer Tax Act 1984) a new Table of rate bands and rates is substituted in Schedule 1 to that Act for the Table which was substituted by the Inheritance Tax (Indexation) Order 1989 (S.I. 1989/468). The figures in the first and second columns of the new Table are the amounts specified in the Table in Schedule 1 to the Inheritance Tax Act 1984 (as so substituted) increased by the amount of the percentage increase (7.7%) in the retail prices index for December 1989 over that for December 1988. The figures are rounded upward to the nearest £1,000 in accordance with section 8(2). The “retail prices index” is defined in section 8(3), as amended by paragraph 5 of Schedule 2 to the Transfer of Functions (Economic Statistics) Order 1989 (S.I. 1989/992), as “the general index of retail prices (for all items) published by the Central Statistical Office of the Chancellor of the Exchequer”. The retail prices index for December 1988 is 110.3 and for December 1989 is 118.8 (based on January 1987 as 100). (Table 6.1 on page S.54 of the February 1990 number of theEmployment Gazette, the official journal of the Department of Employment.)

Made under: Inheritance Tax Act 1984

PDFs: Printed copy https://openlegislation.uk/inheritance-tax-indexation-order-1990/pdf/uksi_19900680_en.pdf

## Introductory text

INHERITANCE TAX
Made 20th March 1990
The Treasury, in pursuance of section 8(4) of the Inheritance Tax Act 1984, hereby make the following Order:

## 1 

This Order may be cited as the Inheritance Tax (Indexation) Order 1990.

## 2 

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 1990 are as follows—
TABLE OF RATES OF TAX
Portion of value
Lower Limit
Upper Limit
Rate of tax
£
£
Per cent.
0
128,000
NIL
128,000
—
40

## Signature

Stephen Dorrell
Thomas Sackville
Two of the Lords Commissioners of Her Majesty’s Treasury
20th March 1990

## Explanatory note

(This note is not part of the Order)
By this Order, made under the provisions of section 8 of the Inheritance Tax Act 1984 (formerly the Capital Transfer Tax Act 1984) a new Table of rate bands and rates is substituted in Schedule 1 to that Act for the Table which was substituted by the Inheritance Tax (Indexation) Order 1989 (S.I. 1989/468). The figures in the first and second columns of the new Table are the amounts specified in the Table in Schedule 1 to the Inheritance Tax Act 1984 (as so substituted) increased by the amount of the percentage increase (7.7%) in the retail prices index for December 1989 over that for December 1988. The figures are rounded upward to the nearest £1,000 in accordance with section 8(2). The “retail prices index” is defined in section 8(3), as amended by paragraph 5 of Schedule 2 to the Transfer of Functions (Economic Statistics) Order 1989 (S.I. 1989/992), as “the general index of retail prices (for all items) published by the Central Statistical Office of the Chancellor of the Exchequer”. The retail prices index for December 1988 is 110.3 and for December 1989 is 118.8 (based on January 1987 as 100). (Table 6.1 on page S.54 of the February 1990 number of theEmployment Gazette, the official journal of the Department of Employment.)
The new Table will apply in relation to chargeable transfers on or after 6th April 1990 unless Parliament otherwise determines.

---
Source: https://www.legislation.gov.uk/uksi/1990/680 (the official version)
Page: https://openlegislation.uk/inheritance-tax-indexation-order-1990
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.