Commentary

I3.532 CLTs within seven years of death—changes in rates of tax

IHT, trusts and estates

I3.532 CLTs within seven years of death—changes in rates of tax

I3.532 CLTs within seven years of death—changes in rates of tax

IHTA 1984, s 8 provides for automatic annual indexation of IHT rate bands if no other provision for changes in rates is made by Parliament. The IHT rates themselves have not changed since 1988.

IHTA 1984, s 8 (as amended by FA 2012, s 208) provides that the IHT nil rate band is to rise in line with the Consumer Prices Index (CPI) instead of the Retail Prices Index. Automatic indexation using the CPI will still be subject to override if Parliament determines a different amount should apply.

In calculating what

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