26 JANUARY 2000 CORPORATE TAX ON CHARGEABLE GAINS: INDEXATION ALLOWANCE DECEMBER 1999
The value of the retail prices index, as published by the Office for National Statistics, for December 1999 is 167.3 (January 1987 = 100).
The value of the retail prices index, as published by the Office for National Statistics, for December 1999 is 167.3 (January 1987 = 100).
The indexed rise to be used in calculating the indexation allowance in respect of assets disposed of in December 1999 is as follows:
RI MONTH RI YEAR
1982 1983 1984 1985 1986 1987 1988
January – 1.025 0.926 0.834 0.738 0.673 0.620 February – 1.016 0.919 0.820 0.732 0.666 0.613 March 1.106 1.013 0.912 0.803 0.730 0.663 0.607 April 1.064 0.985 0.887 0.765 0.713 0.643 0.581 May 1.050 0.977 0.880 0.757 0.710 0.642 0.575 June 1.044 0.972 0.876 0.753 0.711 0.642 0.569 July 1.043 0.961 0.878 0.757 0.716 0.643 0.568 August 1.043 0.953 0.860 0.752 0.710 0.639 0.551 September 1.044 0.944 0.857 0.753 0.702 0.634 0.543 October 1.034 0.937 0.845 0.750 0.699 0.626 0.528 November 1.024 0.930 0.839 0.744 0.685 0.618 0.521 December 1.028 0.925 0.841 0.742 0.679 0.620 0.517
1989 1990 1991 1992 1993 1994 1995
January 0.507 0.400 0.285 0.234 0.213 0.184 0.146 February 0.496 0.392 0.278 0.227 0.205 0.177 0.139 March 0.490 0.378 0.273 0.224 0.201 0.174 0.134 April 0.464 0.337 0.257 0.205 0.190 0.160 0.123 May 0.455 0.326 0.253 0.201 0.186 0.156 0.118 June 0.450 0.320 0.248 0.201 0.187 0.156 0.117 July 0.448 0.319 0.250 0.205 0.189 0.162 0.122 August 0.445 0.306 0.248 0.204 0.184 0.156 0.116 September 0.435 0.294 0.243 0.200 0.179 0.154 0.111 October 0.424 0.284 0.238 0.196 0.180 0.152 0.117 November 0.412 0.287 0.234 0.198 0.181 0.151 0.117 December 0.408 0.288 0.233 0.202 0.179 0.146 0.110
1996 1997 1998 1999
January 0.114 0.084 0.049 0.024 February 0.109 0.079 0.044 0.022 March 0.104 0.077 0.040 0.020 April 0.096 0.070 0.029 0.013 May 0.094 0.066 0.023 0.010 June 0.093 0.062 0.024 0.010 July 0.098 0.062 0.026 0.013 August 0.093 0.056 0.022 0.011 September 0.088 0.050 0.018 0.007 October 0.088 0.049 0.017 0.005 November 0.087 0.048 0.018 0.004 December 0.084 0.046 0.018 0.000
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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