P268 CEEFAX 268 Sun 15)Oct 12:25/08 1/5 n1 T X GU DE £ ££££££££££££££££ £ £££££££££ £££££££ CAPITAL GAINS TAX Ann l x m ti n f 1 95 6 (ta j r to * April) = £6,000. marri o l oth g h n exemption. Transfers between spouses don i resunt in COT being payabld. Howe6jr a spouse whth capital lo3ses cangt use them to lower their partners gains below £6,000.a Gains ovjt £6,000 are treated as your top sli of nc mj an ar tp d t marginal income rater. 2 R2 2 Source: Blay's Guides Tbxes 2 Annuities Notes EconomyP268 CEEFAX 268 Sun 15 Oct 12:2+/36 - ^ 2/5 All gains made prior to 31W3/82 are exempt from COT. Since 31/3/82 an Indexation Allowance has been made to give relief from inflation. p Initial val5j kf the 1s3jt 1nd the allowable expenses are increased in from the date acquitjd (ot 31O3/82 if owned then) to the dispo3al date ap d * d b p— d EG:aIm Jan 94, a painting is sold for £21,90p.Q£12,100 was paid for iu in October 1985: 2 £12,10 x £1.478 = £17,884 22 £21,900-£17,8 4=£4,016=t1|a2le gakn Sm5rqj Bla='u G4idju Taxer 2 AnnuitieuA Goteu EconomyP268 CEEFAX 268 Sun 15 Oct 12:25/25 HX 3/5 TcX GUIDE - ]p pa d L £0-ksL201 @ F Indoxation AllowancQA i a p 1982 d1983 1 84ap1;85p 1p862 b2 p 82.6 86.8 91.2 96.2 Feb 83.0 87.2 91.9 96.6 Mar 79.) 83.1 87.) 92.8 96.7 Apr 81.3 84.3 88.v 4.4 97.7 May 81.6 84.6a 89.0 95.2 97.8 Husdbnd &dwifi ate@taxed sjpbrately on Aug 81.9 85.7 89.9 95.5) 97W8 Rep 81.9 86.1 90.1 95.4 9 .1 Oct r2.3 8r.4b 9p.7y 95.6a 98e5 Nov 82. 8 .7 91.0 95.9 99.e 2 Dec 82.5 86.9 ]0.9 96.9 t9.6 2 2 2 less person l alljwances. b pbd d Sou ce:oCrnt: l SyatiGtical ffiP268 CJEFAX 268 Sun 15 Oct 12:25/33 R 4/5 I Indexation Allowances aR@@ 1987 1:88@@1989@@1990) 1991@p @ @ Jan 100.0 103.3 111.0 119.5 130.2 2 Mar 100.6 104.1 112.3 121.4 131.4 Apr 101.8 105.8 114.3 125.1 133.1 2 Ma 101.9 106.2 115. 126.2 133.5 101.9 106.6 115.4 126.7 134.1 Jul 101.8 106.7 115.5 126.8 133.8 Aug 1p2.1 107.9 115.8 128.1 134.1 Sip 102.4 108.4 116.6 129.3 134.6 Oct 102.9 109.5 117.5 130.3 135.1 Nov 105.4 110.0 118.5 130.0 135.6 Dec 103.3 110.3 118.= 129.9 135.7 2 2 2 all figurespribbsjm to Jbn 1;87=1:01 2P268 CEJFAX 268 Sun 15 Oct 12:26/00 ] 5W5 O 2 TAX GUIDE CAPITAL GAINS TcX Indexation Allowances a hh 1992 R01993 RR1994 p1995 dp h hR Frb 0 136.5 138.80 142.1 146.9 Mar 136.7 139.3 142.5 147.5 Apr 138.8 148.6 144.2 14=.0 May 2 139.3 141.1 144.7 G14 6 Jun 139.3 141.0 144.7 149.8 Jul 138O8 14p.7 144.1 149.1 Aug 138.9 141.3 144.7 149.9 Oct 139.9@ 141.8 145.2 Dec 139.2 141.90 146.9 p 2 2 1 24 2 1 1 2 42 2 2 p all figures rebasjd to Jan 1987=1:9 Source: Central Statistiaal Offiad Taxes 2 Annuities Notes Economy