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Section 136: Reduction of rates.

Finance Act 1988 · 1988 c. 39View on legislation.gov.uk

Part IV: Miscellaneous and General

For the Table in Schedule 1 to the Inheritance Tax Act 1984 there shall be substituted—

Subsection (1) above shall apply to any chargeable transfer made on or after 15th March 1988, and section 8(1) of the Inheritance Tax Act 1984 (indexation of rate bands) shall not apply to chargeable transfers made in the year beginning 6th April 1988.

Section 8(1A) of that Act shall cease to have effect.

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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.