
1 
This Order may be cited as the Inheritance Tax (Indexation) Order 1989.
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 1989 are as follows–

Portion of value Rate of tax
Lower Limit Upper Limit Per cent.
£ £ 
0 118,000 NIL
118,000 — 40
Kenneth Carlisle
Alan Howarth
Two of the Lords Commissioners of Her Majesty’s Treasury
14th March 1989