Taxation of Chargeable Gains Act 1992 section 111

Indexation: building society etc. shares

Section 111 previously dealt with the indexation allowance as it applied to shares in building societies and similar entities, but it has been repealed.

• Section 111 originally provided rules for applying indexation allowance to shares in building societies and similar organisations.
• The section was repealed by the Finance Act 1994, section 93(7) and Schedule 26, Part V, paragraph 8.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.
• As a result, this section no longer has any practical effect and cannot be relied upon for any current or future transactions.