
1 
This Order may be cited as the Inheritance Tax (Indexation) Order 1996.
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 —

Portion of value
Lower Limit Upper Limit
  Rate of tax
  Per cent.
£ £
0 205,000 NIL
205,000 — 40
Bowen Wells
Michael Bates
Two of the Lords Commissioners of Her Majesty’s Treasury
26th November 1996