CG50576 - Share identification rules: CGT treatment of shares from 6.4.98: indexation

TCGA92/S53 (1A)

Indexation allowance was frozen for persons within the charge to Capital Gains Tax at April 1998, see CG17207. Expenditure incurred after 31 March 1998 does not attract indexation allowance. For disposals on or after 6 April 1998 expenditure incurred before April 1998 is indexed up to April 1998 and not to the month of disposal. For further details on how this is achieved for Section 104 holdings see CG50607.