Taxation of Chargeable Gains Act 1992 section 52A

Chapter to apply only for corporation tax purposes

Section 52A restricts the application of the indexation allowance rules in Chapter IV so that they apply only for corporation tax purposes.

• The indexation allowance provisions in Chapter IV (sections 53–57) apply solely for corporation tax purposes.
• This restriction has been in effect for gains on disposals from 6 April 2008 onwards.
• Individuals and other non-corporate taxpayers cannot use the indexation allowance when computing chargeable gains.
• The provision was introduced by Finance Act 2008, Schedule 2, paragraph 78.