Indexation Allowance: Difference between revisions
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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]] | * [[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.
