Indexation Allowance: Difference between revisions
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imported>Doug Williamson m (Changed See Also to Retail Prices Index) |
imported>Doug Williamson (Update for freezing of corporate indexation allowance in the UK.) |
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'' | ''Tax''. | ||
A system of giving tax relief on otherwise taxable gains, based on the amount of inflation during the period of ownership. | |||
In the UK, tax indexation allowance for companies was frozen in 2018. | |||
UK tax indexation allowance for individuals was abolished in 1998. | |||
== See also == | == See also == | ||
* [[Allowance]] | |||
* [[Capital Gains Tax]] | * [[Capital Gains Tax]] | ||
* [[Indexation]] | |||
* [[Retail Prices Index]] | * [[Retail Prices Index]] | ||
* [[Tax relief]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 20:30, 26 February 2022
Tax.
A system of giving tax relief on otherwise taxable gains, based on the amount of inflation during the period of ownership.
In the UK, tax indexation allowance for companies was frozen in 2018.
UK tax indexation allowance for individuals was abolished in 1998.
