Corporation Tax on Chargeable Gains: Indexation Allowance:
August 2004
The value of the retail price index, as published by the Office for National Statistics, for August 2004 is 187.4 (February 1987 = 100).
The indexed rise to be used in calculating the indexation allowance in respect of assets disposed of in August 2004 is as follows:
| RI Month | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 |
|---|---|---|---|---|---|---|---|
| January | - |
1.268 |
1.158 |
1.055 |
0.947 |
0.874 |
0.814 |
| February | - |
1.259 |
1.149 |
1.038 |
0.940 |
0.867 |
0.807 |
| March | 1.359 |
1.255 |
1.142 |
1.019 |
0.937 |
0.863 |
0.800 |
| April | 1.312 |
1.223 |
1.114 |
0.977 |
0.919 |
0.841 |
0.771 |
| May | 1.296 |
1.214 |
1.106 |
0.968 |
0.915 |
0.839 |
0.765 |
| June | 1.290 |
1.209 |
1.101 |
0.964 |
0.916 |
0.839 |
0.758 |
| July | 1.289 |
1.197 |
1.103 |
0.968 |
0.922 |
0.841 |
0.756 |
| August | 1.288 |
1.187 |
1.084 |
0.963 |
0.916 |
0.835 |
0.737 |
| September | 1.290 |
1.178 |
1.080 |
0.964 |
0.906 |
0.830 |
0.729 |
| October | 1.278 |
1.170 |
1.067 |
0.960 |
0.903 |
0.821 |
0.711 |
| November | 1.267 |
1.162 |
1.060 |
0.954 |
0.887 |
0.812 |
0.704 |
| December | 1.271 |
1.157 |
1.062 |
0.951 |
0.881 |
0.814 |
0.699 |
| RI Month | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 |
|---|---|---|---|---|---|---|---|
| January | 0.688 |
0.568 |
0.439 |
0.382 |
0.359 |
0.326 |
0.284 |
| February | 0.676 |
0.559 |
0.432 |
0.375 |
0.350 |
0.319 |
0.276 |
| March | 0.669 |
0.544 |
0.426 |
0.371 |
0.345 |
0.315 |
0.271 |
| April | 0.640 |
0.498 |
0.408 |
0.350 |
0.333 |
0.300 |
0.258 |
| May | 0.630 |
0.485 |
0.404 |
0.345 |
0.328 |
0.295 |
0.253 |
| June | 0.624 |
0.479 |
0.397 |
0.345 |
0.329 |
0.295 |
0.251 |
| July | 0.623 |
0.478 |
0.401 |
0.350 |
0.332 |
0.301 |
0.257 |
| August | 0.618 |
0.463 |
0.397 |
0.349 |
0.326 |
0.295 |
0.250 |
| September | 0.607 |
0.449 |
0.392 |
0.344 |
0.321 |
0.292 |
0.244 |
| October | 0.595 |
0.438 |
0.387 |
0.340 |
0.322 |
0.291 |
0.251 |
| November | 0.581 |
0.442 |
0.382 |
0.341 |
0.323 |
0.290 |
0.251 |
| December | 0.577 |
0.443 |
0.381 |
0.346 |
0.321 |
0.284 |
0.244 |
| RI Month | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 |
|---|---|---|---|---|---|---|---|
| January | 0.248 |
0.214 |
0.175 |
0.147 |
0.125 |
0.095 |
0.081 |
| February | 0.242 |
0.209 |
0.169 |
0.145 |
0.119 |
0.090 |
0.078 |
| March | 0.237 |
0.206 |
0.165 |
0.142 |
0.113 |
0.088 |
0.074 |
| April | 0.228 |
0.199 |
0.153 |
0.134 |
0.102 |
0.083 |
0.067 |
| May | 0.226 |
0.194 |
0.146 |
0.132 |
0.098 |
0.076 |
0.064 |
| June | 0.225 |
0.190 |
0.147 |
0.132 |
0.095 |
0.075 |
0.064 |
| July | 0.230 |
0.190 |
0.150 |
0.135 |
0.099 |
0.081 |
0.065 |
| August | 0.224 |
0.182 |
0.145 |
0.132 |
0.099 |
0.077 |
0.062 |
| September | 0.218 |
0.176 |
0.140 |
0.128 |
0.091 |
0.073 |
0.055 |
| October | 0.218 |
0.175 |
0.139 |
0.126 |
0.092 |
0.075 |
0.053 |
| November | 0.218 |
0.174 |
0.140 |
0.124 |
0.089 |
0.079 |
0.052 |
| December | 0.214 |
0.171 |
0.140 |
0.120 |
0.088 |
0.081 |
0.050 |
| RI Month | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 |
|---|---|---|---|---|---|---|---|
| January | 0.050 |
0.023 |
|||||
| February | 0.045 |
0.020 |
|||||
| March | 0.042 |
0.015 |
|||||
| April | 0.034 |
0.009 |
|||||
| May | 0.033 |
0.005 |
|||||
| June | 0.034 |
0.003 |
|||||
| July | 0.034 |
0.003 |
|||||
| August | 0.032 |
nil |
|||||
| September | 0.027 |
||||||
| October | 0.026 |
||||||
| November | 0.026 |
||||||
| December | 0.021 |
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.
