{
  "url": "https://openlegislation.uk/inheritance-tax-indexation-order-1990/article-2",
  "json_url": "https://openlegislation.uk/inheritance-tax-indexation-order-1990/article-2.json",
  "legislation": "uksi/1990/680",
  "legislation_title": "The Inheritance Tax (Indexation) Order 1990",
  "legislation_url": "https://openlegislation.uk/inheritance-tax-indexation-order-1990",
  "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 1990 are as follows—\nTABLE OF RATES OF TAX\nPortion of value\nLower Limit\nUpper Limit\nRate of tax\n£\n£\nPer cent.\n0\n128,000\nNIL\n128,000\n—\n40",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "The Table in Schedule 1 was substituted by the Inheritance Tax (Indexation) Order 1989 (S.I. 1989/468) in relation to chargeable transfers on or after 6th April 1989. Previously, the Table in that Schedule was substituted by section 136(1) of the Finance Act 1988 with application to any chargeable transfer (within the meaning of the Inheritance Tax Act 1984) made on or after 15th March 1988. Prior to that, the Table was that substituted by section 57(2) of the Finance Act 1987 with respect to transfers of value made and other events occurring, on or after 17th March 1987 and, before that, by section 101(3) of, and paragraph 36 of Schedule 19 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/1990/680/article/2",
    "retrieved_at": "2026-10-29T15:23:02.740651+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."
}