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Contents

Legislation
Inheritance Tax Act 1984
  • Introduction
  • PART I GENERAL
  • PART II EXEMPT TRANSFERS
  • PART III SETTLED PROPERTY
  • PART IV CLOSE COMPANIES
  • PART V MISCELLANEOUS RELIEFS
  • PART VI VALUATION
  • PART VII LIABILITY
  • PART VIII ADMINISTRATION AND COLLECTION
  • PART IX MISCELLANEOUS AND SUPPLEMENTARY
  • SCHEDULE A1 Non-excluded overseas property
  • SCHEDULE 1
  • SCHEDULE 1A Gifts to charities etc: tax charged at lower rate
  • SCHEDULE 2 PROVISIONS APPLYING ON REDUCTION OF TAX
  • SCHEDULE 3 GIFTS FOR NATIONAL PURPOSES, ETC.
  • SCHEDULE 4 MAINTENANCE FUNDS FOR HISTORIC BUILDINGS, ETC.
  • SCHEDULE 5 CONDITIONAL EXEMPTION: DEATHS BEFORE 7TH APRIL 1976
  • SCHEDULE 5A Qualifying payments: victims of persecution during Second World War era
  • SCHEDULE 6 TRANSITION FROM ESTATE DUTY
  • SCHEDULE 7 COMMENCEMENT: SUPPLEMENTARY RULES
  • SCHEDULE 8 CONSEQUENTIAL AMENDMENTS
  • SCHEDULE 9 REPEALS
  • Schedule
  1. Inheritance Tax Act 1984
  2. Section 1

Schedule 1 | Section 1 F1

From legislation.gov.uk

Table of Rates of Tax — shown as text

Portion of value Rate of tax Lower limit (£) Upper limit (£) Per cent. 0 325,000 Nil 325,000 40

Notes

  1. F1

    Table in Sch. 1 substituted (with application to any chargeable transfer made on or after 6.4.2009) by Finance Act 2006 (c. 25), s. 155(1)(b)(2)(4); and that substitution continued (with effect in relation to chargeable transfers made on or after 6.4.2010) by virtue of Finance Act 2010 (c. 13), s. 8 (in place of the substitution by Finance Act 2007 (c. 11), s. 4)

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