
1 
This Order may be cited as the Inheritance Tax (Indexation) Order 1988.
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(b) in relation to chargeable transfers on or after 6th April 1988 are as follows—

TABLE OF RATES OF TAX
Portion of value Rate of tax
Lower Limit Upper Limit Per cent
£ £
0 94,000 Nil
94,000 146,000 30
146,000 229,000 40
229,000 343,000 50
343,000 — 60
Tony Durant
David Lightbown
Two of the Lords Commissioners of Her Majesty’s Treasury
15th March 1988