Corporation Tax on Chargeable Gains: Indexation Allowance:

February 2004

The value of the retail price index, as published by the Office for National Statistics, for February 2004 is 183.8 (February 1987 = 100).

The indexed rise to be used in calculating the indexation allowance in respect of assets disposed of in February 2004 is as follows:

**RI Year 1982 - 1988**
RI Month	1982	1983	1984	1985	1986	1987	1988
January	-	1.225	1.116	1.015	0.910	0.838	0.779
February	-	1.215	1.108	0.999	0.903	0.831	0.772
March	1.314	1.211	1.101	0.981	0.900	0.827	0.766
April	1.268	1.181	1.073	0.939	0.882	0.806	0.737
May	1.252	1.172	1.066	0.930	0.878	0.804	0.731
June	1.246	1.166	1.061	0.926	0.879	0.804	0.724
July	1.245	1.155	1.063	0.930	0.885	0.806	0.723
August	1.244	1.145	1.044	0.925	0.879	0.800	0.703
September	1.246	1.136	1.040	0.926	0.870	0.795	0.696
October	1.234	1.128	1.027	0.923	0.867	0.786	0.679
November	1.224	1.121	1.021	0.916	0.851	0.778	0.671
December	1.228	1.115	1.023	0.914	0.845	0.779	0.666

**RI Year 1989 - 1995**
RI Month	1989	1990	1991	1992	1993	1994	1995
January	0.656	0.538	0.412	0.355	0.333	0.301	0.259
February	0.644	0.529	0.404	0.348	0.324	0.293	0.251
March	0.637	0.514	0.399	0.345	0.319	0.290	0.246
April	0.608	0.469	0.381	0.324	0.307	0.275	0.234
May	0.598	0.456	0.377	0.319	0.303	0.270	0.229
June	0.593	0.451	0.371	0.319	0.304	0.270	0.227
July	0.591	0.450	0.374	0.324	0.306	0.276	0.233
August	0.587	0.435	0.371	0.323	0.301	0.270	0.226
September	0.576	0.422	0.366	0.319	0.295	0.268	0.220
October	0.564	0.411	0.360	0.314	0.296	0.266	0.227
November	0.551	0.414	0.355	0.316	0.298	0.265	0.227
December	0.547	0.415	0.354	0.320	0.295	0.259	0.220

**RI Year 1996 - 2002**
RI Month	1996	1997	1998	1999	2000	2001	2002
January	0.224	0.190	0.152	0.125	0.103	0.074	0.061
February	0.218	0.186	0.147	0.123	0.097	0.069	0.058
March	0.213	0.183	0.143	0.120	0.091	0.067	0.053
April	0.204	0.176	0.130	0.113	0.081	0.062	0.046
May	0.202	0.171	0.124	0.110	0.077	0.055	0.043
June	0.201	0.167	0.125	0.110	0.074	0.054	0.043
July	0.206	0.167	0.128	0.113	0.078	0.061	0.045
August	0.201	0.160	0.123	0.111	0.078	0.056	0.042
September	0.195	0.154	0.118	0.106	0.070	0.053	0.035
October	0.195	0.152	0.117	0.104	0.071	0.055	0.033
November	0.194	0.152	0.118	0.103	0.068	0.059	0.031
December	0.190	0.149	0.118	0.099	0.067	0.060	0.030

**RI Year 2003 - 2009**
RI Month	2003	2004
January	0.030	0.004
February	0.025	nil
March	0.022
April	0.014
May	0.013
June	0.014
July	0.014
August	0.012
September	0.007
October	0.007
November	0.006
December	0.002

The RI month is the month in which the allowable expenditure was incurred, or March 1982 where the expenditure was incurred on or before 1 March 1982.

The table given is applicable only to bodies within the charge to corporation tax on their chargeable gains.

In this section