Indexation Allowance: Chargeable Gains Subject to Corporation Tax - November 2002
Corporation Tax on Chargeable Gains: Indexation
Allowance: Error in Tables
There was an error in some of the published tables. The error affects
only some companies (and other bodies within the charge to corporation
tax on chargeable gains) which made disposals of assets between 1 February
2002 and 31 July 2002. We are sorry for the error. We are taking steps
to ensure that taxpayers do not lose out as a result. Individuals are
not affected.
Corporation Tax on Chargeable Gains: Indexation Allowance:
November 2002
The value of the retail price index, as published by the Office for National Statistics, for November 2002 is 178.2 (January 1987 = 100).
The indexed rise to be used in calculating the indexation allowance in respect of assets disposed of in November 2002 is as follows:
| RI Month | 1982 |
1983 |
1984 |
1985 |
1986 |
1987 |
1988 |
|---|---|---|---|---|---|---|---|
| January |
- |
1.157 |
1.052 |
0.954 |
0.851 |
0.782 |
0.725 |
| February |
- |
1.148 |
1.044 |
0.938 |
0.845 |
0.775 |
0.718 |
| March |
1.243 |
1.144 |
1.037 |
0.920 |
0.842 |
0.771 |
0.712 |
| April |
1.199 |
1.114 |
1.010 |
0.880 |
0.825 |
0.750 |
0.684 |
| May |
1.183 |
1.105 |
1.003 |
0.872 |
0.821 |
0.749 |
0.678 |
| June |
1.177 |
1.100 |
0.998 |
0.868 |
0.822 |
0.749 |
0.672 |
| July |
1.176 |
1.089 |
1.000 |
0.871 |
0.827 |
0.750 |
0.670 |
| August |
1.176 |
1.080 |
0.981 |
0.866 |
0.822 |
0.745 |
0.652 |
| September |
1.177 |
1.071 |
0.977 |
0.867 |
0.813 |
0.740 |
0.644 |
| October |
1.166 |
1.063 |
0.965 |
0.864 |
0.810 |
0.732 |
0.627 |
| November |
1.156 |
1.056 |
0.959 |
0.858 |
0.795 |
0.723 |
0.620 |
| December |
1.160 |
1.051 |
0.961 |
0.855 |
0.789 |
0.725 |
0.616 |
| RI Month | 1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
|---|---|---|---|---|---|---|---|
| January |
0.605 |
0.491 |
0.369 |
0.314 |
0.292 |
0.261 |
0.221 |
| February |
0.594 |
0.483 |
0.361 |
0.307 |
0.284 |
0.254 |
0.213 |
| March |
0.587 |
0.468 |
0.356 |
0.304 |
0.279 |
0.251 |
0.208 |
| April |
0.559 |
0.424 |
0.339 |
0.284 |
0.267 |
0.236 |
0.196 |
| May |
0.550 |
0.412 |
0.335 |
0.279 |
0.263 |
0.232 |
0.191 |
| June |
0.544 |
0.406 |
0.329 |
0.279 |
0.264 |
0.232 |
0.190 |
| July |
0.543 |
0.405 |
0.332 |
0.284 |
0.267 |
0.238 |
0.195 |
| August |
0.539 |
0.391 |
0.329 |
0.283 |
0.261 |
0.232 |
0.189 |
| September |
0.528 |
0.378 |
0.324 |
0.278 |
0.256 |
0.229 |
0.183 |
| October |
0.517 |
0.368 |
0.319 |
0.274 |
0.257 |
0.227 |
0.190 |
| November |
0.504 |
0.371 |
0.314 |
0.276 |
0.258 |
0.226 |
0.190 |
| December |
0.500 |
0.372 |
0.313 |
0.280 |
0.256 |
0.221 |
0.182 |
| RI Month | 1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
|---|---|---|---|---|---|---|---|
| January |
0.186 |
0.154 |
0.117 |
0.091 |
0.070 |
0.041 |
0.028 |
| February |
0.181 |
0.150 |
0.112 |
0.089 |
0.064 |
0.036 |
0.025 |
| March |
0.176 |
0.147 |
0.108 |
0.086 |
0.058 |
0.035 |
0.021 |
| April |
0.168 |
0.140 |
0.096 |
0.079 |
0.048 |
0.029 |
0.014 |
| May |
0.165 |
0.136 |
0.090 |
0.076 |
0.044 |
0.023 |
0.011 |
| June |
0.165 |
0.131 |
0.091 |
0.076 |
0.041 |
0.022 |
0.011 |
| July |
0.169 |
0.131 |
0.093 |
0.079 |
0.045 |
0.028 |
0.013 |
| August |
0.164 |
0.124 |
0.089 |
0.077 |
0.045 |
0.024 |
0.010 |
| September |
0.159 |
0.119 |
0.084 |
0.072 |
0.038 |
0.021 |
0.003 |
| October |
0.159 |
0.117 |
0.083 |
0.070 |
0.038 |
0.022 |
0.002 |
| November |
0.158 |
0.117 |
0.084 |
0.069 |
0.035 |
0.026 |
- |
| December |
0.154 |
0.114 |
0.084 |
0.065 |
0.035 |
0.028 |
- |
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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