# The Inheritance Tax (Indexation) Order 1993

S.I. 1993/759 · made 16 March 1993

This Order, made under the provisions of section 8 of the Inheritance Tax Act 1984 (formerly the Capital Transfer Tax Act 1984) substitutes a new Table of rate bands and rates in Schedule 1 to that Act for the Table which was substituted by section 72(1) of the Finance (No. 2) Act 1992. 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 in the retail prices index for December 1992 over that for December 1991. 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 1991 is 135.7 and for December 1992 is 139.2 (based on January 1987 as 100) (see Table 6.1 on page S58 of the February 1993 number of the Employment Gazette, the official journal of the Department of Employment).

Made under: Inheritance Tax Act 1984

## Introductory text

INHERITANCE TAX
Made 16th March 1993
The Treasury, in pursuance of section 8(4) of the Inheritance Tax Act 1984, herebymake the following Order:

## 1 

This Order may be cited as the Inheritance Tax (Indexation) Order 1993.

## 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 1993 are as follows—
TABLE OF RATES OF TAX
Portion of value
Rate of tax
Lower Limit
Upper Limit
Per cent.
£
£
0
154,000
NIL
154,000
—
40

## Signature

Tim Wood
Nicholas Baker
Two of the Lords Commissioners of Her Majesty’s Treasury
16th March 1993

## Explanatory note

(This note is not part of the Order)
This Order, made under the provisions of section 8 of the Inheritance Tax Act 1984 (formerly the Capital Transfer Tax Act 1984) substitutes a new Table of rate bands and rates in Schedule 1 to that Act for the Table which was substituted by section 72(1) of the Finance (No. 2) Act 1992. 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 in the retail prices index for December 1992 over that for December 1991. 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 1991 is 135.7 and for December 1992 is 139.2 (based on January 1987 as 100) (see Table 6.1 on page S58 of the February 1993 number of the Employment Gazette, the official journal of the Department of Employment).
The new Table will apply in relation to chargeable transfers on or after 6th April 1993 unless Parliament otherwise determines.

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Source: https://www.legislation.gov.uk/uksi/1993/759 (the official version)
Page: https://openlegislation.uk/inheritance-tax-indexation-order-1993
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.