Rates and Allowances - Capital gains tax

* Individuals, trustees of settlements for the disabled, and personal representatives of the estate of a deceased person.

The amount chargeable to C is added onto the top of income liable to income tax for individuals and is charged to C at these rates:

below the starting rate limit at 10%, between the starting rate and basic rate limits at 20%, and above the basic rate limit at 40%.

Indexation allowance

Individuals and others within the charge to capital gains tax are not entitled to indexation allowance for any period after April 1998. To calculate indexation allowance up to April 1998 on disposals on or after 6 April 1998, use the table below.

You work out the indexation allowance by multiplying the amount you spent by the indexation factor.

 

Month Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1982     1.047 1.006 0.992 0.987 0.986 0.985 0.987 0.977 0.967 0.971 1983 0.968 0.960 0.956 0.929 0.921 0.917 0.906 0.898 0.889 0.883 0.876 0.871 1984 0.872 0.865 0.859 0.834 0.828 0.823 0.825 0.808 0.804 0.793 0.788 0.789 1985 0.783 0.769 0.752 0.716 0.708 0.704 0.707 0.703 0.704 0.701 0.695 0.693 1986 0.689 0.683 0.681 0.665 0.662 0.663 0.667 0.662 0.654 0.652 0.638 0.632 1987 0.626 0.620 0.616 0.597 0.596 0.596 0.597 0.593 0.588 0.580 0.573 0.574 1988 0.574 0.568 0.562 0.537 0.531 0.525 0.524 0.507 0.500 0.485 0.478 0.474 1989 0.465 0.454 0.448 0.423 0.414 0.409 0.408 0.404 0.395 0.384 0.372 0.369 1990 0.361 0.353 0.339 0.300 0.288 0.283 0.282 0.269 0.258 0.248 0.251 0.252 1991 0.249 0.242 0.237 0.222 0.218 0.213 0.215 0.213 0.208 0.204 0.199 0.198 1992 0.199 0.193 0.189 0.171 0.167 0.167 0.171 0.171 0.166 0.162 0.164 0.168 1993 0.179 0.171 0.167 0.156 0.152 0.153 0.156 0.151 0.146 0.147 0.148 0.146 1994 0.151 0.144 0.141 0.128 0.124 0.124 0.129 0.124 0.121 0.120 0.119 0.114 1995 0.114 0.107 0.102 0.091 0.087 0.085 0.091 0.085 0.080 0.085 0.085 0.079 1996 0.083 0.078 0.073 0.066 0.063 0.063 0.067 0.062 0.057 0.057 0.057 0.053 1997 0.053 0.049 0.046 0.040 0.036 0.032 0.032 0.026 0.021 0.019 0.019 0.016 1998 0.019 0.014 0.011

Corporation Tax on Chargeable Gains: Indexation Allowance: January 2002

The value of the retail price index, as published by the Office for National Statistics, for January 2002 is 173.3 (January 1987 = 100).

The indexed rise to be used in calculating the indexation allowance in respect of assets disposed of in January 2002 is as follows:

RI Month RI Year   1982 1983 1984 1985 1986 1987 1988                 January - 1.098 0.996 0.900 0.801 0.733 0.678 February - 1.089 0.987 0.885 0.794 0.726 0.671 March 1.181 1.085 0.981 0.867 0.792 0.723 0.665 April 1.138 1.056 0.955 0.828 0.774 0.702 0.638 May 1.123 1.048 0.948 0.820 0.771 0.701 0.632 June 1.117 1.043 0.943 0.816 0.772 0.701 0.626 July 1.117 1.032 0.945 0.820 0.777 0.702 0.624 August 1.116 1.023 0.927 0.815 0.772 0.697 0.606 September 1.117 1.014 0.923 0.816 0.763 0.692 0.599 October 1.107 1.007 0.911 0.813 0.760 0.684 0.583 November 1.096 1.000 0.905 0.807 0.745 0.676 0.575 December 1.100 0.994 0.907 0.804 0.740 0.678 0.571                   1989 1990 1991 1992 1993 1994 1995                 January 0.561 0.450 0.331 0.278 0.257 0.226 0.187 February 0.550 0.442 0.324 0.271 0.249 0.220 0.180 March 0.543 0.428 0.319 0.268 0.244 0.216 0.175 April 0.516 0.385 0.302 0.249 0.233 0.202 0.163 May 0.507 0.373 0.298 0.244 0.228 0.198 0.158 June 0.502 0.368 0.292 0.244 0.229 0.198 0.157 July 0.500 0.367 0.295 0.249 0.232 0.203 0.162 August 0.497 0.353 0.292 0.248 0.226 0.198 0.156 September 0.486 0.340 0.288 0.243 0.221 0.195 0.151 October 0.475 0.330 0.283 0.239 0.222 0.194 0.157 November 0.462 0.333 0.278 0.241 0.224 0.193 0.157 December 0.459 0.334 0.277 0.245 0.221 0.187 0.150                   1996 1997 1998 1999 2000 2001 2002                 January 0.154 0.122 0.087 0.061 0.040 0.013 - February 0.148 0.118 0.081 0.059 0.035 0.008 - March 0.144 0.115 0.078 0.056 0.029 0.006 - April 0.136 0.109 0.066 0.049 0.019 0.001 - May 0.133 0.105 0.060 0.046 0.015 Nil - June 0.133 0.100 0.061 0.046 0.013 Nil - July 0.137 0.100 0.063 0.050 0.016 0.000 - August 0.132 0.093 0.059 0.047 0.016 Nil - September 0.127 0.088 0.054 0.043 0.009 Nil - October 0.127 0.087 0.053 0.041 0.010 Nil - November 0.126 0.086 0.054 0.040 0.007 Nil - December 0.122 0.083 0.054 0.036 0.006 Nil -

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.