TaxPersonal Tax15 DECEMBER 1999 CORPORATION TAX ON CHARGEABLE GAINS:INDEXATION ALLOWANCE NOVEMBER 1999

15 DECEMBER 1999 CORPORATION TAX ON CHARGEABLE GAINS:INDEXATION ALLOWANCE NOVEMBER 1999

The value of the retail prices index, as published by the Office for National Statistics, for November 1999 is 166.7 (January 1987 = 100).

The value of the retail prices index, as published by the Office for National Statistics, for November 1999 is 166.7 (January 1987 = 100).

The indexed rise to be used in calculating the indexation allowance in respect of assets disposed of in November 1999 is as follows:

RI MONTH RI YEAR
1982 1983 1984 1985 1986 1987 1988
January – 1.018 0.920 0.828 0.732 0.667 0.614 February – 1.009 0.912 0.813 0.726 0.660 0.608 March 1.098 1.006 0.906 0.796 0.723 0.657 0.601 April 1.057 0.978 0.881 0.759 0.707 0.638 0.576 May 1.042 0.970 0.874 0.751 0.704 0.636 0.570 June 1.037 0.965 0.869 0.747 0.705 0.636 0.564 July 1.036 0.954 0.871 0.750 0.709 0.638 0.562 August 1.035 0.946 0.854 0.746 0.704 0.633 0.545 September 1.037 0.937 0.850 0.747 0.696 0.628 0.538 October 1.027 0.930 0.839 0.744 0.693 0.620 0.522 November 1.017 0.923 0.833 0.738 0.679 0.612 0.515 December 1.020 0.918 0.834 0.736 0.673 0.614 0.511

1989 1990 1991 1992 1993 1994 1995
January 0.502 0.395 0.280 0.229 0.209 0.180 0.142 February 0.491 0.387 0.273 0.223 0.201 0.173 0.135 March 0.484 0.373 0.269 0.219 0.197 0.170 0.130 April 0.458 0.333 0.252 0.201 0.186 0.156 0.119 May 0.450 0.321 0.249 0.197 0.181 0.152 0.114 June 0.445 0.316 0.243 0.197 0.182 0.152 0.113 July 0.443 0.315 0.246 0.201 0.185 0.158 0.118 August 0.440 0.301 0.243 0.200 0.180 0.152 0.112 September 0.430 0.289 0.238 0.196 0.175 0.150 0.107 October 0.419 0.279 0.234 0.192 0.176 0.148 0.113 November 0.407 0.282 0.229 0.193 0.177 0.147 0.113 December 0.403 0.283 0.228 0.198 0.175 0.142 0.106

1996 1997 1998 1999
January 0.110 0.080 0.045 0.020 February 0.105 0.075 0.040 0.018 March 0.100 0.073 0.037 0.016 April 0.092 0.067 0.025 0.009 May 0.090 0.062 0.020 0.007 June 0.090 0.058 0.020 0.007 July 0.094 0.058 0.023 0.010 August 0.089 0.052 0.018 0.007 September 0.084 0.046 0.014 0.003 October 0.084 0.045 0.013 0.001 November 0.083 0.044 0.014 – December 0.080 0.042 0.014 –

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.

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