Taxation of Chargeable Gains Act 1992 section 103

Restriction on availability of indexation allowance

Section 103 restricted the availability of the indexation allowance in certain circumstances, but was repealed for disposals made on or after 30 November 1993.

• Section 103 placed restrictions on the circumstances in which indexation allowance could be claimed when computing chargeable gains.
• The section was repealed by Finance Act 1994, section 93(7) and Schedule 26, Part V, paragraph 8.
• The repeal applies to all disposals made on or after 30 November 1993.
• For disposals before 30 November 1993, the original restrictions would have applied under the rules then in force.