I have been trying to look for an answer to indexation allowance post FA 2008.
If an asset was acquired in May 1985 and sold now, would there by any indexation allowance available.
My understanding is that until March 1998, indexation allowance should apply and none thereafter.
A definite reply to my enquiry will oblige.
VNL
Replies (2)
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Individual - No: Company - Yes
Agreed, but indexation did not stop in 1998 for companies. It goes on.