{
  "url": "https://openlegislation.uk/inheritance-tax-indexation-order-2003/article-2",
  "json_url": "https://openlegislation.uk/inheritance-tax-indexation-order-2003/article-2.json",
  "legislation": "uksi/2003/841",
  "legislation_title": "The Inheritance Tax (Indexation) Order 2003",
  "legislation_url": "https://openlegislation.uk/inheritance-tax-indexation-order-2003",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": null,
  "text": "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 2003 are as follows—\nTABLE OF RATES OF TAX\nPortion of value\nRate of Tax\nLower Limit\nUpper Limit\nPer cent.\n£\n£\n0\n255,000\nNIL\n255,000\n–\n40",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "The Table in Schedule 1 was substituted by section 118(1) of the Finance Act 2002 (c. 23) in relation to chargeable transfers made on or after 6th April 2002. The Table was substituted by S.I. 2001/639 in relation to chargeable transfers made in the year beginning 6th April 2001, by S.I. 2000/803 in relation to chargeable transfers made in the year beginning 6th April 2000, by S.I. 1999/596 in relation to chargeable transfers made in the year beginning 6th April 1999, by S.I. 1998/756 in relation to chargeable transfers made in the year beginning 6th April 1998, by section 93(1) of the Finance Act 1997 in relation to chargeable transfers made in the year beginning 6th April 1997, by section 183(1) of the Finance Act 1996 in relation to chargeable transfers made in the year beginning 6th April 1996 and by S.I. 1994/3011 in relation to chargeable transfers made in the year beginning 6th April 1995."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2003/841/article/2",
    "retrieved_at": "2026-10-29T06:27:26.719207+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."
}