Part 2: Inheritance Tax Section 10: Rate bands for tax years 2018-19, 2019-20 and 2020-21 Details of the section
The section disapplies section 8 of the Inheritance Tax Act 1984 (IHTA 1984) for the tax years 2018-19, 2019-20 and 2020-21. Section 8 applies if the consumer prices index (CPI) for September is higher than it was for the previous September. It provides for an indexed increase in the nil-rate band from the following April by the same percentage as the increase in CPI (rounded up to the nearest £1,000). The effect of the section is that the nil-rate band is not increased for the years 2018-19 to 2020-21 inclusive.