16 FEBRUARY 2000 CORPORATION TAX ON CHARGEABLE GAINS:INDEXATION ALLOWANCE JANUARY 2000
The value of the retail prices index, as published by the Office for National Statistics, for January 2000 is 166.6 (January 1987 = 100).
The value of the retail prices index, as published by the Office for National Statistics, for January 2000 is 166.6 (January 1987 = 100).
The indexed rise to be used in calculating the indexation allowance in respect of assets disposed of in January 2000 is as follows:
RI MONTH RI YEAR
1982 1983 1984 1985 1986 1987 1988
January – 1.017 0.918 0.827 0.731 0.666 0.613 February – 1.008 0.911 0.812 0.725 0.659 0.607 March 1.097 1.004 0.904 0.795 0.722 0.656 0.600 April 1.056 0.977 0.879 0.758 0.706 0.637 0.575 May 1.041 0.968 0.872 0.750 0.703 0.635 0.569 June 1.035 0.964 0.868 0.746 0.704 0.635 0.563 July 1.035 0.953 0.870 0.749 0.708 0.637 0.561 August 1.034 0.944 0.852 0.745 0.703 0.632 0.544 September 1.035 0.936 0.849 0.746 0.695 0.627 0.537 October 1.025 0.929 0.837 0.743 0.692 0.619 0.521 November 1.015 0.922 0.832 0.737 0.678 0.611 0.515 December 1.019 0.917 0.833 0.735 0.672 0.613 0.510
1989 1990 1991 1992 1993 1994 1995
January 0.501 0.394 0.280 0.229 0.208 0.179 0.141 February 0.490 0.386 0.273 0.222 0.200 0.172 0.134 March 0.484 0.372 0.268 0.219 0.196 0.169 0.129 April 0.458 0.332 0.252 0.200 0.185 0.155 0.118 May 0.449 0.320 0.248 0.196 0.181 0.151 0.114 June 0.444 0.315 0.242 0.196 0.182 0.151 0.112 July 0.442 0.314 0.245 0.200 0.184 0.157 0.117 August 0.439 0.301 0.242 0.199 0.179 0.151 0.111 September 0.429 0.288 0.238 0.195 0.174 0.149 0.106 October 0.418 0.279 0.233 0.191 0.175 0.147 0.112 November 0.406 0.282 0.229 0.193 0.177 0.147 0.112 December 0.402 0.283 0.228 0.197 0.174 0.141 0.106
1996 1997 1998 1999
January 0.109 0.079 0.045 0.020 February 0.104 0.075 0.039 0.018 March 0.100 0.072 0.036 0.015 April 0.092 0.066 0.025 0.008 May 0.090 0.062 0.019 0.006 June 0.089 0.058 0.020 0.006 July 0.093 0.058 0.022 0.009 August 0.088 0.051 0.018 0.007 September 0.083 0.046 0.013 0.002 October 0.083 0.045 0.013 0.001 November 0.083 0.044 0.013 Nil December 0.079 0.041 0.013 Nil
The RI month is the month in which the allowable expenditure was incurred, or March 1982 where the expenditure was incurred on or before 31 March 1982.
The table given in this press release is applicable only to bodies within the charge to corporation tax on their chargeable gains.
Individuals and others within the charge to capital gains tax are not entitled to indexation allowance for any period after April 1998. They should therefore not use the table above. Instead, to calculate indexation allowance up to April 1998 on disposals on or after 6 April 1998, they should use the table published in the Inland Revenue press release of 20 May 1998, which can also be found in the free Inland Revenue booklet CGT 1: Capital Gains Tax – An Introduction, available from any Inland Revenue Enquiry Centre or Tax Office.