# The Inheritance Tax (Indexation) Order 1996, Article 2


The amounts which, unless Parliament otherwise determines, will 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 1997 are as follows —
TABLES OF RATES OF TAX
Portion of value
Lower Limit
Upper Limit
Rate of tax
Per cent.
£
£
0
205,000
NIL
205,000
—
40

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Source: https://www.legislation.gov.uk/uksi/1996/2956/article/2 (the official version)
Page: https://openlegislation.uk/inheritance-tax-indexation-order-1996/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.