Finance Act 1996
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
183 Rate bands.
(1) For the Table in Schedule 1 to the Inheritance Tax Act 1984 there shall be substituted— Table of Rates of Tax Portion of value | Rate of tax Lower limit | Upper limit | Per cent. £ | £ 0 | 200,000 | Nil 200,000 | 40 (2) Subsection (1) above shall apply to any chargeable transfer made on or after 6th April 1996; 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 1994 and that for the month of September 1995.
183 Rate bands.
(1) For the Table in Schedule 1 to the Inheritance Tax Act 1984 there shall be substituted— Table of Rates of Tax Portion of value | Rate of tax Lower limit | Upper limit | Per cent. £ | £ 0 | 200,000 | Nil 200,000 | 40 (2) Subsection (1) above shall apply to any chargeable transfer made on or after 6th April 1996; 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 1994 and that for the month of September 1995.
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