Indexation Allowance: Chargeable Gains Subject to Corporation Tax
Corporation Tax on Chargeable Gains: Indexation Allowance:
June 2003
The value of the retail price index, as published by the Office for National Statistics, for June 2003 is 181.3 (January 1987 = 100).
The indexed rise to be used in calculating the indexation allowance in respect of assets disposed of in June 2003 is as follows:
| RI Month | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 |
|---|---|---|---|---|---|---|---|
| January |
- |
1.195 |
1.088 |
0.988 |
0.884 |
0.813 |
0.755 |
| February |
- |
1.185 |
1.079 |
0.972 |
0.877 |
0.806 |
0.748 |
| March |
1.282 |
1.181 |
1.073 |
0.954 |
0.874 |
0.802 |
0.742 |
| April |
1.237 |
1.151 |
1.045 |
0.913 |
0.856 |
0.781 |
0.714 |
| May |
1.221 |
1.142 |
1.038 |
0.904 |
0.853 |
0.779 |
0.707 |
| June |
1.215 |
1.137 |
1.032 |
0.900 |
0.854 |
0.779 |
0.701 |
| July |
1.214 |
1.125 |
1.035 |
0.904 |
0.859 |
0.781 |
0.699 |
| August |
1.214 |
1.116 |
1.016 |
0.899 |
0.853 |
0.776 |
0.680 |
| September |
1.215 |
1.107 |
1.012 |
0.900 |
0.844 |
0.771 |
0.673 |
| October |
1.204 |
1.099 |
1.000 |
0.897 |
0.841 |
0.762 |
0.656 |
| November |
1.193 |
1.092 |
0.993 |
0.890 |
0.826 |
0.753 |
0.648 |
| December |
1.197 |
1.086 |
0.995 |
0.888 |
0.820 |
0.755 |
0.644 |
| RI Month | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 |
|---|---|---|---|---|---|---|---|
| January |
0.633 |
0.517 |
0.392 |
0.337 |
0.315 |
0.283 |
0.242 |
| February |
0.622 |
0.508 |
0.385 |
0.330 |
0.306 |
0.276 |
0.234 |
| March |
0.614 |
0.493 |
0.380 |
0.326 |
0.302 |
0.272 |
0.229 |
| April |
0.586 |
0.449 |
0.362 |
0.306 |
0.289 |
0.257 |
0.217 |
| May |
0.577 |
0.437 |
0.358 |
0.302 |
0.285 |
0.253 |
0.212 |
| June |
0.571 |
0.431 |
0.352 |
0.302 |
0.286 |
0.253 |
0.210 |
| July |
0.570 |
0.430 |
0.355 |
0.306 |
0.289 |
0.259 |
0.216 |
| August |
0.566 |
0.415 |
0.352 |
0.305 |
0.283 |
0.253 |
0.209 |
| September |
0.555 |
0.402 |
0.347 |
0.301 |
0.278 |
0.250 |
0.204 |
| October |
0.543 |
0.391 |
0.342 |
0.296 |
0.279 |
0.249 |
0.210 |
| November |
0.530 |
0.395 |
0.337 |
0.298 |
0.280 |
0.248 |
0.210 |
| December |
0.526 |
0.396 |
0.336 |
0.302 |
0.278 |
0.242 |
0.203 |
| RI Month | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 |
|---|---|---|---|---|---|---|---|
| January |
0.207 |
0.174 |
0.137 |
0.110 |
0.088 |
0.060 |
0.046 |
| February |
0.201 |
0.170 |
0.131 |
0.108 |
0.082 |
0.054 |
0.043 |
| March |
0.197 |
0.167 |
0.127 |
0.105 |
0.077 |
0.053 |
0.039 |
| April |
0.188 |
0.160 |
0.115 |
0.097 |
0.066 |
0.047 |
0.032 |
| May |
0.186 |
0.156 |
0.109 |
0.095 |
0.062 |
0.041 |
0.029 |
| June |
0.185 |
0.151 |
0.110 |
0.095 |
0.060 |
0.040 |
0.029 |
| July |
0.190 |
0.151 |
0.112 |
0.098 |
0.063 |
0.046 |
0.031 |
| August |
0.184 |
0.144 |
0.108 |
0.095 |
0.063 |
0.042 |
0.028 |
| September |
0.179 |
0.138 |
0.103 |
0.091 |
0.056 |
0.038 |
0.021 |
| October |
0.179 |
0.137 |
0.102 |
0.089 |
0.057 |
0.040 |
0.019 |
| November |
0.178 |
0.136 |
0.103 |
0.088 |
0.053 |
0.044 |
0.017 |
| December |
0.174 |
0.133 |
0.103 |
0.084 |
0.053 |
0.046 |
0.016 |
| RI Month | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 |
|---|---|---|---|---|---|---|---|
| January |
0.016 |
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| February |
0.011 |
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| March |
0.008 |
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| April |
0.001 |
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| May |
Nil |
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| June | |||||||
| July | |||||||
| August | |||||||
| September | |||||||
| October | |||||||
| November | |||||||
| December |
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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.
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