INLAND REVENUE Inland Revenue Press Release 54/97 issued on 18 April 1997. CAPITAL GAINS TAX INDEXATION ALLOWANCE: MARCH 1997 The value of the retail prices index, as published by the Office for National Statistics, for March 1997 is 155.4 (January 1987 = 100). The indexed rise to be used in calculating the indexation allowance in respect of assets disposed of in March 1997 is as follows: RI MONTH RI YEAR 1982 1983 1984 1985 1986 1987 1988 January - 0.881 0.789 0.704 0.615 0.554 0.504 February - 0.873 0.782 0.690 0.609 0.548 0.499 March 0.956 0.870 0.776 0.675 0.607 0.545 0.493 April 0.918 0.844 0.753 0.640 0.591 0.527 0.469 May 0.904 0.836 0.747 0.632 0.588 0.525 0.463 June 0.899 0.832 0.742 0.629 0.589 0.525 0.458 July 0.898 0.822 0.744 0.632 0.594 0.527 0.456 August 0.897 0.814 0.728 0.627 0.589 0.522 0.440 September 0.899 0.806 0.724 0.628 0.581 0.518 0.434 October 0.889 0.799 0.714 0.626 0.578 0.510 0.419 November 0.880 0.793 0.709 0.620 0.565 0.503 0.413 December 0.883 0.788 0.710 0.618 0.560 0.504 0.409 1989 1990 1991 1992 1993 1994 1995 January 0.400 0.300 0.194 0.146 0.127 0.100 0.064 February 0.390 0.293 0.187 0.140 0.120 0.094 0.058 March 0.384 0.280 0.183 0.137 0.116 0.091 0.054 April 0.360 0.242 0.168 0.120 0.105 0.078 0.043 May 0.351 0.231 0.164 0.116 0.101 0.074 0.039 June 0.347 0.227 0.159 0.116 0.102 0.074 0.037 July 0.345 0.226 0.161 0.120 0.104 0.079 0.042 August 0.342 0.213 0.159 0.119 0.100 0.074 0.037 September 0.333 0.202 0.155 0.115 0.095 0.072 0.032 October 0.323 0.193 0.150 0.111 0.096 0.070 0.037 November 0.311 0.195 0.146 0.112 0.097 0.070 0.037 December 0.308 0.196 0.145 0.116 0.095 0.064 0.031 1996 1997 January 0.035 0.006 February 0.030 0.003 March 0.026 - April 0.018 - May 0.016 - June 0.016 - July 0.020 - August 0.015 - September 0.010 - October 0.010 - November 0.010 - December 0.006 - The RI month for disposals by individuals on or after 6 April 1985 (1 April 1985 for companies) is the month in which the allowable expenditure was incurred, or March 1982 where the expenditure was incurred before that month. Inland Revenue information is available on the Internet: http://www.open.gov.uk/inrev/irhome.htm TABLE RD MONTH ( APRIL 1996 - MARCH 1997 ) Apr May June Jul Aug Sept Oct Nov Dec Jan Feb Mar RI MONTH Mar'82.921 .925 .926 .918 .927 .936 .936 .937 .944 .944 .951 .956 April .883 .887 .888 .881 .889 .898 .898 .899 .905 .905 .913 .918 May .870 .873 .874 .867 .876 .884 .884 .886 .892 .892 .899 .904 June .864 .868 .869 .862 .870 .879 .879 .880 .886 .886 .894 .899 July .864 .867 .869 .861 .870 .878 .878 .880 .886 .886 .893 .898 August.863 .867 .868 .861 .869 .878 .878 .879 .885 .885 .893 .897 Sept .864 .868 .869 .862 .870 .879 .879 .880 .886 .886 .894 .899 Oct. .855 .859 .860 .853 .861 .870 .870 .871 .877 .877 .884 .889 Nov .846 .850 .851 .844 .852 .861 .861 .862 .868 .868 .875 .880 Dec .849 .853 .854 .847 .856 .864 .864 .865 .871 .871 .879 .883 Ja'83 .847 .851 .852 .845 .853 .862 .862 .863 .869 .869 .876 .881 Feb. .839 .843 .844 .837 .845 .854 .854 .855 .861 .861 .868 .873 March .836 .840 .841 .834 .842 .850 .850 .852 .858 .858 .865 .870 April .811 .814 .815 .808 .816 .825 .825 .826 .832 .832 .839 .844 May .803 .807 .808 .801 .809 .817 .817 .818 .824 .824 .831 .836 June .799 .802 .803 .796 .805 .813 .813 .814 .820 .820 .827 .832 July .789 .793 .794 .787 .795 .803 .803 .804 .810 .810 .817 .822 August.781 .785 .786 .779 .787 .795 .795 .796 .802 .802 .809 .814 Sept .773 .777 .778 .771 .779 .787 .787 .788 .794 .794 .801 .806 Oct .767 .770 .772 .765 .773 .781 .781 .782 .788 .788 .795 .799 Nov .761 .764 .765 .758 .767 .775 .775 .776 .782 .782 .788 .793 Dec .756 .760 .761 .754 .762 .770 .770 .771 .777 .777 .784 .788 Ja.'84.757 .761 .762 .755 .763 .771 .771 .772 .778 .778 .785 .789 Feb. .750 .753 .755 .748 .756 .764 .764 .765 .771 .771 .778 .782 March .744 .748 .749 .742 .750 .758 .758 .759 .765 .765 .772 .776 April .721 .725 .726 .719 .727 .735 .735 .736 .742 .742 .749 .753 May .715 .718 .720 .713 .721 .729 .729 .730 .735 .735 .742 .747 June .711 .714 .715 .708 .716 .724 .724 .725 .731 .731 .738 .742 July .713 .716 .717 .710 .718 .726 .726 .727 .733 .733 .740 .744 August.697 .700 .701 .695 .702 .710 .710 .711 .717 .717 .723 .728 Sept .693 .697 .698 .691 .699 .707 .707 .708 .713 .713 .720 .724 Oct .683 .686 .687 .681 .689 .696 .696 .697 .703 .703 .709 .714 Nov .678 .681 .682 .676 .683 .691 .691 .692 .698 .698 .704 .709 Dec .679 .683 .684 .677 .685 .692 .692 .694 .699 .699 .706 .710 Ja.'85.673 .676 .678 .671 .679 .686 .686 .687 .693 .693 .699 .704 Feb. .660 .663 .664 .658 .665 .673 .673 .674 .679 .679 .686 .690 March .644 .648 .649 .642 .650 .657 .657 .658 .664 .664 .670 .675 April .610 .613 .614 .608 .615 .623 .623 .624 .629 .629 .635 .640 May .603 .606 .607 .601 .608 .615 .615 .616 .622 .622 .628 .632 June .599 .603 .604 .597 .605 .612 .612 .613 .618 .618 .625 .629 Jul'85.602 .606 .607 .600 .608 .615 .615 .616 .621 .621 .628 .632 August.598 .601 .602 .596 .603 .611 .611 .612 .617 .617 .623 .627 Sept. .599 .602 .603 .597 .604 .612 .612 .613 .618 .618 .624 .628 Oct. .596 .600 .601 .594 .602 .609 .609 .610 .615 .615 .622 .626 Nov. .591 .594 .595 .589 .596 .603 .603 .604 .610 .610 .616 .620 Dec. .589 .592 .593 .587 .594. 601 .601 .602 .608 .608 .614 .618 Ja'86. 585 .589 .590 .583 .591 .598 .598 .599 .604 .604 .610 .615 Feb. .580 .583 .584 .578 .585 .592 .592 .593 .598 .598 .605 .609 March .578 .581 .582 .576 .583 .590 .590 .591 .596 .596 .602 .607 April .562 .566 .567 .560 .568 .575 .575 .576 .581 .581 .587 .591 May .560 .563 .564 .558 .565 .572 .572 .573 .578 .578 .584 .588 June .560 .563 .565 .558 .566 .573 .573 .574 .579 .579 .585 .589 July .565 .568 .569 .563 .570 .577 .577 .578 .583 .583 .589 .594 August.560 .563 .564 .558 .565 .572 .572 .573 .578 .578 .585 .589 Sept. .552 .555 .556 .550 .557 .565 .565 .566 .571 .571 .577 .581 Oct. .550 .553 .554 .548 .555 .562 .562 .563 .568 .568 .574 .578 Nov. .537 .540 .541 .535 .542 .549 .549 .550 .555 .555 .561 .565 Dec. .532 .535 .536 .530 .537 .544 .544 .545 .550 .550 .556 .560 Ja'87 .526 .529 .530 .524 .531 .538 .538 .539 .544 .544 .550 .554 Feb. .520 .523 .524 .518 .525 .532 .532 .533 .538 .538 .544 .548 March .517 .520 .521 .515 .522 .529 .529 .530 .535 .535 .541 .545 April .499 .502 .503 .497 .504 .511 .511 .512 .517 .517 .523 .527 May .498 .500 .501 .496 .502 .509 .509 .510 .515 .515 .521 .525 June .498 .500 .501 .496 .502 .509 .509 .510 .515 .515 .521 .525 July .499 .502 .503 .497 .504 .511 .511 .512 .517 .517 .523 .527 August.495 .498 .499 .493 .500 .506 .506 .507 .512 .512 .518 .522 Sept. .490 .493 .494 .488 .495 .502 .502 .503 .508 .508 .514 .518 Oct. .483 .486 .487 .481 .488 .495 .495 .496 .500 .500 .506 .510 Nov. .476 .479 .480 .474 .481 .487 .487 .488 .493 .493 .499 .503 Dec. .477 .480 .481 .475 .482 .489 .489 .490 .495 .495 .500 .504 Ja'88 .477 .480 .481 .475 .482 .489 .489 .490 .495 .495 .500 .504 Feb. .472 .474 .475 .470 .476 .483 .483 .484 .489 .489 .495 .499 March .466 .469 .470 .464 .471 .477 .477 .478 .483 .483 .489 .493 April .442 .445 .446 .440 .447 .454 .454 .455 .459 .459 .465 .469 May .437 .440 .441 .435 .442 .448 .448 .449 .454 .454 .460 .463 June .432 .434 .435 .430 .436 .443 .443 .444 .448 .448 .454 .458 July .430 .433 .434 .428 .435 .441 .441 .442 .447 .447 .453 .456 August.414 .417 .418 .412 .419 .425 .425 .426 .431 .431 .437 .440 Sept. .408 .411 .411 .406 .412 .419 .419 .420 .424 .424 .430 .434 Oct'88.394 .396 .397 .392 .398 .405 .405 .405 .410 .410 .416 .419 Nov. .387 .390 .391 .385 .392 .398 .398 .399 .404 .404 .409 .413 Dec. .383 .386 .387 .382 .388 .394 .394 .395 .400 .400 .405 .409 Ja'89 .375 .377 .378 .373 .379 .386 .386 .386 .391 .391 .396 .400 Feb. .365 .368 .369 .363 .369 .376 .376 .377 .381 .381 .386 .390 March .359 .362 .362 .357 .363 .370 .370 .370 .375 .375 .380 .384 April .335 .338 .339 .333 .339 .346 .346 .346 .351 .351 .356 .360 May .327 .330 .330 .325 .331 .337 .337 .338 .343 .343 .348 .351 June .322 .325 .326 .321 .327 .333 .333 .334 .338 .338 .343 .347 July .321 .324 .325 .319 .326 .332 .332 .332 .337 .337 .342 .345 August.318 .320 .321 .316 .322 .328 .328 .329 .333 .333 .339 .342 Sept. .309 .311 .312 .307 .313 .319 .319 .320 .324 .324 .329 .333 Oct. .299 .301 .302 .297 .303 .309 .309 .310 .314 .314 .319 .323 Nov. .288 .290 .291 .286 .292 .298 .298 .299 .303 .303 .308 .311 Dec. .285 .287 .288 .283 .289 .295 .295 .295 .300 .300 .305 .308 Ja'90 .277 .279 .280 .275 .281 .287 .287 .288 .292 .292 .297 .300 Feb. .270 .272 .273 .268 .274 .280 .280 .280 .285 .285 .290 .293 March .257 .259 .260 .255 .261 .267 .267 .268 .272 .272 .277 .280 April .220 .222 .223 .218 .224 .229 .229 .230 .234 .234 .239 .242 May .209 .212 .212 .208 .213 .219 .219 .219 .223 .223 .228 .231 June .204 .207 .208 .203 .208 .214 .214 .215 .219 .219 .223 .227 July .203 .206 .207 .202 .207 .213 .213 .214 .218 .218 .222 .226 August.191 .194 .194 .190 .195 .201 .201 .201 .205 .205 .210 .213 Sept. .180 .183 .183 .179 .184 .189 .189 .190 .194 .194 .199 .202 Oct. .171 .173 .174 .170 .175 .180 .180 .181 .185 .185 .190 .193 Nov. .174 .176 .177 .172 .178 .183 .183 .184 .188 .188 .192 .195 Dec. .175 .177 .178 .173 .179 .184 .184 .185 .189 .189 .193 .196 Ja'91 .172 .174 .175 .171 .176 .181 .181 .182 .186 .186 .190 .194 Feb. .166 .168 .169 .164 .170 .175 .175 .176 .180 .180 .184 .187 March .161 .164 .164 .160 .165 .170 .170 .171 .175 .175 .180 .183 April .147 .149 .150 .145 .150 .156 .156 .156 .160 .160 .165 .168 May .143 .145 .146 .142 .147 .152 .152 .153 .157 .157 .161 .164 June .138 .140 .141 .136 .142 .147 .147 .148 .151 .151 .156 .159 July .141 .143 .143 .139 .144 .149 .149 .150 .154 .154 .158 .161 August.138 .140 .141 .136 .142 .147 .147 .148 .151 .151 .156 .159 Sept. .134 .136 .137 .132 .137 .143 .143 .143 .147 .147 .152 .155 Oct. .130 .132 .132 .128 .133 .138 .138 .139 .143 .143 .147 .150 Nov. .125 .128 .128 .124 .129 .134 .134 .135 .139 .139 .143 .146 Dec. .125 .127 .127 .123 .128 .133 .133 .134 .138 .138 .142 .145 Ja'92 .125 .128 .128 .124 .129 .134 .134 .135 .139 .139 .143 .146 Feb'92.120 .122 .123 .118 .123 .128 .128 .129 .133 .133 .137 .140 March .116 .119 .119 .115 .120 .125 .125 .126 .129 .129 .134 .137 April .099 .102 .102 .098 .103 .108 .108 .109 .112 .112 .117 .120 May .095 .098 .098 .094 .099 .104 .104 .105 .108 .108 .113 .116 June .095 .098 .098 .094 .099 .104 .104 .105 .108 .108 .113 .116 July .099 .102 .102 .098 .103 .108 .108 .109 .112 .112 .117 .120 August.099 .101 .102 .097 .102 .107 .107 .108 .112 .112 .116 .119 Sept. .095 .097 .098 .093 .098 .103 .103 .104 .108 .108 .112 .115 Oct. .091 .093 .094 .089 .094 .099 .099 .100 .104 .104 .108 .111 Nov. .092 .094 .095 .091 .096 .101 .101 .102 .105 .105 .110 .112 Dec. .096 .098 .099 .095 .100 .105 .105 .106 .109 .109 .114 .116 Ja'93 .107 .109 .109 .105 .110 .115 .115 .116 .120 .120 .124 .127 Feb. .099 .102 .102 .098 .103 .108 .108 .109 .112 .112 .117 .120 March .095 .098 .098 .094 .099 .104 .104 .105 .108 .108 .113 .116 April .085 .087 .088 .084 .089 .094 .094 .095 .098 .098 .102 .105 May .082 .084 .084 .080 .085 .090 .090 .091 .094 .094 .099 .101 June .082 .084 .085 .081 .086 .091 .091 .091 .095 .095 .099 .102 July .085 .087 .087 .083 .088 .093 .093 .094 .097 .097 .102 .104 August.080 .082 .083 .079 .084 .088 .088 .089 .093 .093 .097 .100 Sept. .075 .078 .078 .074 .079 .084 .084 .085 .088 .088 .092 .095 Oct. .076 .078 .079 .075 .080 .085 .085 .085 .089 .089 .093 .096 Nov. .078 .080 .081 .076 .081 .086 .086 .087 .090 .090 .095 .097 Dec. .075 .078 .078 .074 .079 .084 .084 .085 .088 .088 .092 .095 Jan'94.080 .082 .083 .079 .084 .088 .088 .089 .093 .093 .097 .100 Feb. .074 .076 .077 .072 .077 .082 .082 .083 .087 .087 .091 .094 March .071 .073 .074 .069 .074 .079 .079 .080 .084 .084 .088 .091 April .058 .060 .061 .057 .062 .067 .067 .067 .071 .071 .075 .078 May .055 .057 .057 .053 .058 .063 .063 .064 .067 .067 .071 .074 June .055 .057 .057 .053 .058 .063 .063 .064 .067 .067 .071 .074 July .060 .062 .063 .058 .063 .068 .068 .069 .072 .072 .076 .079 August.055 .057 .057 .053 .058 .063 .063 .064 .067 .067 .071 .074 Sept. .052 .054 .055 .051 .056 .061 .061 .061 .065 .065 .069 .072 Oct. .051 .053 .054 .050 .054 .059 .059 .060 .063 .063 .067 .070 Nov. .050 .052 .053 .049 .054 .058 .058 .059 .063 .063 .067 .070 Dec. .045 .047 .048 .044 .049 .053 .053 .054 .058 .058 .062 .064 Ja'95 .045 .047 .048 .044 .049 .053 .053 .054 .058 .058 .062 .064 Feb. .039 .041 .042 .037 .042 .047 .047 .048 .051 .051 .055 .058 March .035 .037 .037 .033 .038 .043 .043 .043 .047 .047 .051 .054 April .024 .026 .027 .023 .028 .032 .032 .033 .036 .036 .040 .043 May .020 .022 .023 .019 .023 .028 .028 .029 .032 .032 .036 .039 June .019 .021 .021 .017 .022 .027 .027 .027 .031 .031 .035 .037 July .023 .025 .026 .022 .027 .032 .032 .032 .036 .036 .040 .042 August.018 .020 .021 .017 .021 .026 .026 .027 .030 .030 .034 .037 Sept. .013 .015 .016 .012 .017 .021 .021 .022 .025 .025 .029 .032 Oct. .019 .021 .021 .017 .022 .027 .027 .027 .031 .031 .035 .037 Nov. .019 .021 .021 .017 .022 .027 .027 .027 .031 .031 .035 .037 Dec. .013 .015 .015 .011 .016 .021 .021 .021 .025 .025 .029 .031 Ja'96 .016 .018 .019 .015 .019 .024 .024 .025 .028 .028 .032 .035 Feb. .011 .013 .014 .010 .015 .019 .019 .020 .023 .023 .027 .030 March .007 .009 .010 .006 .011 .015 .015 .016 .019 .019 .023 .026 April - .002 .003 .000 .003 .008 .008 .009 .012 .012 .016 .018 May - - .001 .000 .001 .006 .006 .007 .010 .010 .014 .016 June - - - 000 .001 .005 .005 .006 .009 .009 .013 .016 July - - - -.005 .009 .009 .010 .013 .013 .017 .020 August - - - - -.005 .005 .005 .008 .008 .012 .015 Sept. - - - - - -.000 .001 .004 .004 .008 .010 Oct. - - - - - - - .001 .004 .004 .008 .010 Nov. - - - - - - - -.003 .003 .007 .010 Dec. - - - - - - - -.000 .004 .006 Jan.1997 - - - - - - - - - .004 .006 Feb. - - - - - - - - - .003