22 MARCH 2000 CORPORATION TAX ON CHARGEABLE GAINS: INDEXATION ALLOWANCE: FEB2000
The value of the retail prices index, as published by the Office for National Statistics, for February 2000 is 167.5 (January 1987 = 100).
The value of the retail prices index, as published by the Office for National Statistics, for February 2000 is 167.5 (January 1987 = 100).
The indexed rise to be used in calculating the indexation allowance in respect of assets disposed of in February 2000 is as follows:
RI MONTH RI YEAR
1982 1983 1984 1985 1986 1987 1988
January – 1.028 0.929 0.837 0.740 0.675 0.621 February – 1.019 0.921 0.822 0.734 0.668 0.615 March 1.108 1.015 0.915 0.805 0.732 0.665 0.609 April 1.067 0.987 0.890 0.767 0.715 0.645 0.583 May 1.052 0.979 0.883 0.759 0.712 0.644 0.577 June 1.046 0.974 0.878 0.756 0.713 0.644 0.571 July 1.046 0.964 0.880 0.759 0.718 0.645 0.570 August 1.045 0.955 0.862 0.754 0.712 0.641 0.552 September 1.046 0.946 0.859 0.755 0.704 0.636 0.545 October 1.036 0.939 0.847 0.752 0.701 0.628 0.530 November 1.026 0.933 0.842 0.746 0.687 0.620 0.523 December 1.030 0.928 0.843 0.744 0.681 0.621 0.519
1989 1990 1991 1992 1993 1994 1995
January 0.509 0.402 0.286 0.235 0.215 0.185 0.147 February 0.498 0.394 0.280 0.229 0.207 0.179 0.140 March 0.492 0.380 0.275 0.225 0.202 0.175 0.136 April 0.465 0.339 0.258 0.207 0.191 0.162 0.124 May 0.457 0.327 0.255 0.202 0.187 0.158 0.120 June 0.451 0.322 0.249 0.202 0.188 0.158 0.118 July 0.450 0.321 0.252 0.207 0.190 0.163 0.123 August 0.446 0.308 0.249 0.206 0.185 0.158 0.117 September 0.437 0.295 0.244 0.202 0.180 0.155 0.112 October 0.426 0.285 0.240 0.197 0.181 0.154 0.118 November 0.414 0.288 0.235 0.199 0.183 0.153 0.118 December 0.410 0.289 0.234 0.203 0.180 0.147 0.111
1996 1997 1998 1999 2000
January 0.115 0.085 0.050 0.025 0.005 February 0.110 0.081 0.045 0.023 – March 0.106 0.078 0.042 0.021 – April 0.098 0.072 0.030 0.014 – May 0.095 0.068 0.024 0.011 – June 0.095 0.063 0.025 0.011 – July 0.099 0.063 0.028 0.015 – August 0.094 0.057 0.023 0.012 – September 0.089 0.051 0.019 0.008 – October 0.089 0.050 0.018 0.006 – November 0.088 0.049 0.019 0.005 – December 0.085 0.047 0.019 0.001 –
The RI month is the month in which the allowable 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.