Indexation Allowance: Chargeable Gains Subject to Corporation Tax
Corporation Tax on Chargeable Gains: Indexation Allowance:
May 2003
The value of the retail price index, as published by the Office for National Statistics, for May 2003 is 181.5 (January 1987 = 100).
The indexed rise to be used in calculating the indexation allowance in respect of assets disposed of in May 2003 is as follows
| RI Month | RI Year |
||||||
|---|---|---|---|---|---|---|---|
| 1982 |
1983 |
1984 |
1985 |
1986 |
1987 |
1988 |
|
| January |
- |
1.197 |
1.090 |
0.990 |
0.886 |
0.815 |
0.757 |
| February |
- |
1.188 |
1.081 |
0.974 |
0.879 |
0.808 |
0.750 |
| March |
1.285 |
1.184 |
1.075 |
0.956 |
0.876 |
0.804 |
0.744 |
| April |
1.240 |
1.153 |
1.048 |
0.915 |
0.858 |
0.783 |
0.716 |
| May |
1.224 |
1.144 |
1.040 |
0.906 |
0.855 |
0.781 |
0.709 |
| June |
1.217 |
1.139 |
1.035 |
0.902 |
0.856 |
0.781 |
0.703 |
| July |
1.217 |
1.128 |
1.037 |
0.906 |
0.861 |
0.783 |
0.701 |
| August |
1.216 |
1.118 |
1.018 |
0.901 |
0.855 |
0.778 |
0.682 |
| September |
1.217 |
1.109 |
1.014 |
0.902 |
0.846 |
0.772 |
0.674 |
| October |
1.207 |
1.102 |
1.002 |
0.899 |
0.844 |
0.764 |
0.658 |
| November |
1.196 |
1.094 |
0.996 |
0.892 |
0.828 |
0.755 |
0.650 |
| December |
1.200 |
1.089 |
0.997 |
0.890 |
0.822 |
0.757 |
0.646 |
| 1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
|
|---|---|---|---|---|---|---|---|
| January |
0.635 |
0.519 |
0.394 |
0.338 |
0.316 |
0.285 |
0.243 |
| February |
0.623 |
0.510 |
0.387 |
0.332 |
0.308 |
0.277 |
0.236 |
| March |
0.616 |
0.495 |
0.381 |
0.328 |
0.303 |
0.274 |
0.231 |
| April |
0.588 |
0.451 |
0.364 |
0.308 |
0.291 |
0.259 |
0.218 |
| May |
0.578 |
0.438 |
0.360 |
0.303 |
0.286 |
0.254 |
0.213 |
| June |
0.573 |
0.433 |
0.353 |
0.303 |
0.287 |
0.254 |
0.212 |
| July |
0.571 |
0.431 |
0.357 |
0.308 |
0.290 |
0.260 |
0.217 |
| August |
0.567 |
0.417 |
0.353 |
0.307 |
0.285 |
0.254 |
0.211 |
| September |
0.557 |
0.404 |
0.348 |
0.302 |
0.279 |
0.252 |
0.205 |
| October |
0.545 |
0.393 |
0.343 |
0.297 |
0.280 |
0.250 |
0.212 |
| November |
0.532 |
0.396 |
0.338 |
0.299 |
0.282 |
0.249 |
0.212 |
| December |
0.528 |
0.397 |
0.338 |
0.304 |
0.279 |
0.243 |
0.204 |
| 1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
|
|---|---|---|---|---|---|---|---|
| January |
0.208 |
0.176 |
0.138 |
0.111 |
0.089 |
0.061 |
0.047 |
| February |
0.203 |
0.171 |
0.132 |
0.109 |
0.084 |
0.055 |
0.044 |
| March |
0.198 |
0.168 |
0.129 |
0.106 |
0.078 |
0.054 |
0.040 |
| April |
0.189 |
0.161 |
0.116 |
0.099 |
0.067 |
0.049 |
0.033 |
| May |
0.187 |
0.157 |
0.110 |
0.096 |
0.063 |
0.042 |
0.030 |
| June |
0.186 |
0.152 |
0.111 |
0.096 |
0.061 |
0.041 |
0.030 |
| July |
0.191 |
0.152 |
0.113 |
0.099 |
0.065 |
0.047 |
0.032 |
| August |
0.185 |
0.145 |
0.109 |
0.097 |
0.065 |
0.043 |
0.029 |
| September |
0.180 |
0.139 |
0.104 |
0.092 |
0.057 |
0.040 |
0.022 |
| October |
0.180 |
0.138 |
0.103 |
0.090 |
0.058 |
0.041 |
0.020 |
| November |
0.179 |
0.137 |
0.104 |
0.089 |
0.055 |
0.046 |
0.019 |
| December |
0.176 |
0.134 |
0.104 |
0.085 |
0.054 |
0.047 |
0.017 |
| 2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
|
|---|---|---|---|---|---|---|---|
| January |
0.017 |
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| February |
0.012 |
||||||
| March |
0.009 |
||||||
| April |
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.
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