Corporation Tax on Chargeable Gains: Indexation Allowance:
June 2004
The value of the retail price index, as published by the Office for National Statistics, for June 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 June 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 |
- |
- |
- |
- |
- |
- |
| 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.
