26 Freezing of indexation allowance for gains chargeable to corporation tax
Finance Act 2018 (2018 c 3) | Legislation

Chargeable gains

26  Freezing of indexation allowance for gains chargeable to corporation tax

(1)     TCGA 1992 is amended as follows.

(2)     In section 53 (indexation allowance), before subsection (2) insert—

“(1B)     Indexation allowance is not allowed in respect of changes shown by the retail prices indices for months after December 2017.”

(3)     In section 54 (calculation of indexation allowance)—

(a)     in subsection (1), in the definition of “RD”, for “the month in which the disposal occurs” substitute “December 2017”;

(b)     before subsection (2) insert—

“(1B)     The references in subsection

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