SolvedSection 93 | Rate bands.
From legislation.gov.uk
(1)For the Table in Schedule 1 to the Inheritance Tax Act 1984 there shall be substituted—
Table shown as text
Portion of value Lower limit (£) Upper limit (£) Rate of tax Per cent. 0 215,000 Nil 215,000 40
(2)Subsection (1) above shall apply to any chargeable transfer made on or after 6th April 1997; and section 8 of that Act (indexation of rate bands) shall not have effect as respects any difference between the retail prices index for the month of September 1995 and that for the month of September 1996.