17 NOVEMBER 1999 CORPORATION TAX ON CHARGEAGLE GAINS: INDEXATION ALLOWANCE: OCTOBER 1999
The value of the retail prices index, as published by the Office for National Statistics, for October 1999 is 166.5 (January 1987 = 100).
The value of the retail prices index, as published by the Office for National Statistics, for October 1999 is 166.5 (January 1987 = 100).
The indexed rise to be used in calculating the indexation allowance in respect of assets disposed of in October 1999 is as follows:
RI MONTH RI YEAR
1982 1983 1984 1985 1986 1987 1988
January – 1.015 0.917 0.826 0.730 0.665 0.612 February – 1.007 0.909 0.811 0.724 0.658 0.606 March 1.096 1.003 0.903 0.794 0.721 0.655 0.599 April 1.055 0.975 0.878 0.757 0.705 0.636 0.574 May 1.040 0.967 0.871 0.749 0.702 0.634 0.568 June 1.034 0.962 0.867 0.745 0.703 0.634 0.562 July 1.034 0.952 0.869 0.748 0.707 0.636 0.560 August 1.033 0.943 0.851 0.744 0.702 0.631 0.543 September 1.034 0.935 0.848 0.745 0.694 0.626 0.536 October 1.024 0.928 0.836 0.742 0.691 0.618 0.521 November 1.014 0.921 0.831 0.736 0.677 0.610 0.514 December 1.018 0.916 0.832 0.734 0.671 0.612 0.510
1989 1990 1991 1992 1993 1994 1995
January 0.500 0.393 0.279 0.228 0.207 0.178 0.140 February 0.489 0.385 0.272 0.222 0.200 0.172 0.133 March 0.483 0.371 0.267 0.218 0.195 0.168 0.129 April 0.457 0.331 0.251 0.200 0.184 0.155 0.117 May 0.448 0.319 0.247 0.195 0.180 0.151 0.113 June 0.443 0.314 0.242 0.195 0.181 0.151 0.111 July 0.442 0.313 0.244 0.200 0.183 0.156 0.117 August 0.438 0.300 0.242 0.199 0.178 0.151 0.111 September 0.428 0.288 0.237 0.194 0.173 0.148 0.106 October 0.417 0.278 0.232 0.190 0.174 0.147 0.111 November 0.405 0.281 0.228 0.192 0.176 0.146 0.111 December 0.402 0.282 0.227 0.196 0.173 0.140 0.105 ______________________________
1996 1997 1998 1999
January 0.109 0.078 0.044 0.019 February 0.103 0.074 0.039 0.017 March 0.099 0.071 0.035 0.015 April 0.091 0.065 0.024 0.008 May 0.089 0.061 0.018 0.005 June 0.088 0.057 0.019 0.005 July 0.093 0.057 0.021 0.008 August 0.088 0.050 0.017 0.006 September 0.083 0.045 0.013 0.002 October 0.083 0.044 0.012 – November 0.082 0.043 0.013 – December 0.078 0.041 0.013 –
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.