Corporation Tax on Chargeable Gains: Indexation Allowance:
July 2004
The value of the retail price index, as published by the Office for National Statistics, for July 2004 is 186.8 (February 1987 = 100).
The indexed rise to be used in calculating the indexation allowance in respect of assets disposed of in July 2004 is as follows:
| RI Month | 1982 |
1983 |
1984 |
1985 |
1986 |
1987 |
1988 |
|---|---|---|---|---|---|---|---|
| January |
- |
1.261 |
1.151 |
1.048 |
0.941 |
0.868 |
0.808 |
| February |
- |
1.252 |
1.142 |
1.032 |
0.934 |
0.861 |
0.801 |
| March |
1.351 |
1.247 |
1.135 |
1.013 |
0.931 |
0.857 |
0.794 |
| April |
1.305 |
1.216 |
1.107 |
0.971 |
0.913 |
0.835 |
0.766 |
| May |
1.289 |
1.207 |
1.100 |
0.962 |
0.909 |
0.833 |
0.759 |
| June |
1.282 |
1.202 |
1.094 |
0.958 |
0.910 |
0.833 |
0.752 |
| July |
1.282 |
1.190 |
1.097 |
0.961 |
0.916 |
0.835 |
0.751 |
| August |
1.281 |
1.180 |
1.077 |
0.956 |
0.910 |
0.830 |
0.731 |
| September |
1.282 |
1.171 |
1.073 |
0.957 |
0.900 |
0.824 |
0.723 |
| October |
1.271 |
1.163 |
1.060 |
0.954 |
0.897 |
0.815 |
0.706 |
| November |
1.260 |
1.155 |
1.054 |
0.947 |
0.881 |
0.807 |
0.698 |
| December |
1.264 |
1.150 |
1.056 |
0.945 |
0.875 |
0.808 |
0.694 |
| RI Month | 1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
|---|---|---|---|---|---|---|---|
| January |
0.683 |
0.563 |
0.435 |
0.378 |
0.355 |
0.322 |
0.279 |
| February |
0.671 |
0.554 |
0.427 |
0.371 |
0.346 |
0.315 |
0.272 |
| March |
0.663 |
0.539 |
0.422 |
0.366 |
0.341 |
0.311 |
0.266 |
| April |
0.634 |
0.493 |
0.403 |
0.346 |
0.329 |
0.295 |
0.254 |
| May |
0.624 |
0.480 |
0.399 |
0.341 |
0.324 |
0.291 |
0.249 |
| June |
0.619 |
0.474 |
0.393 |
0.341 |
0.325 |
0.291 |
0.247 |
| July |
0.617 |
0.473 |
0.396 |
0.346 |
0.328 |
0.297 |
0.253 |
| August |
0.613 |
0.458 |
0.393 |
0.345 |
0.322 |
0.291 |
0.246 |
| September |
0.602 |
0.445 |
0.388 |
0.340 |
0.316 |
0.288 |
0.240 |
| October |
0.590 |
0.434 |
0.383 |
0.335 |
0.317 |
0.287 |
0.247 |
| November |
0.576 |
0.437 |
0.378 |
0.337 |
0.319 |
0.286 |
0.247 |
| December |
0.572 |
0.438 |
0.377 |
0.342 |
0.316 |
0.279 |
0.240 |
| RI Month | 1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
|---|---|---|---|---|---|---|---|
| January |
0.244 |
0.210 |
0.171 |
0.143 |
0.121 |
0.092 |
0.078 |
| February |
0.238 |
0.205 |
0.165 |
0.141 |
0.115 |
0.086 |
0.075 |
| March |
0.233 |
0.202 |
0.162 |
0.138 |
0.109 |
0.085 |
0.070 |
| April |
0.224 |
0.195 |
0.149 |
0.131 |
0.098 |
0.079 |
0.063 |
| May |
0.222 |
0.191 |
0.143 |
0.128 |
0.094 |
0.072 |
0.060 |
| June |
0.221 |
0.186 |
0.143 |
0.128 |
0.092 |
0.071 |
0.060 |
| July |
0.226 |
0.186 |
0.146 |
0.131 |
0.096 |
0.078 |
0.062 |
| August |
0.220 |
0.179 |
0.141 |
0.129 |
0.096 |
0.074 |
0.059 |
| September |
0.215 |
0.173 |
0.136 |
0.124 |
0.088 |
0.070 |
0.052 |
| October |
0.215 |
0.171 |
0.136 |
0.122 |
0.089 |
0.072 |
0.050 |
| November |
0.214 |
0.170 |
0.136 |
0.121 |
0.085 |
0.076 |
0.048 |
| December |
0.210 |
0.168 |
0.136 |
0.117 |
0.085 |
0.077 |
0.046 |
| RI Month | 2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
|---|---|---|---|---|---|---|---|
| January |
0.047 |
0.020 |
- |
- |
- |
- |
- |
| February |
0.042 |
0.016 |
- |
- |
- |
- |
|
| March |
0.038 |
0.012 |
- |
- |
- |
- |
- |
| April |
0.031 |
0.006 |
- |
- |
- |
- |
- |
| May |
0.029 |
0.002 |
- |
- |
- |
- |
- |
| June |
0.030 |
Nil |
- |
- |
- |
- |
- |
| July |
0.030 |
Nil |
- |
- |
- |
- |
- |
| August |
0.029 |
- |
- |
- |
- |
- |
- |
| September |
0.024 |
- |
- |
- |
- |
- |
- |
| October |
0.023 |
- |
- |
- |
- |
- |
- |
| November |
0.022 |
- |
- |
- |
- |
- |
- |
| December |
0.018 |
- |
- |
- |
- |
- |
- |
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.
