CG17311 | Indexation: from 6/4/88 example: unindexed gain of nil
From HM Revenue & Customs · Capital Gains Manual
On 1 May 1988 Mr B buys a house for £100,000 including acquisition costs. On 1 June 1992 he sells it for £100,000
It is agreed that TCGA92/S223 (private residence relief, see CG64200+) excludes 3/4 of any gain or loss.
| - | - | - | £ |
|---|---|---|---|
| - | Disposal Proceeds | - | 100,000 |
| less | Costs | - | 100,000 |
| - | Unindexed Gain | - | NIL |
| less | Indexation | 100,000 x 0.312 | 31,200 |
| - | Indexed Loss | - | (31,200) |
| - | The allowable amount is 1/4 of 31,200 | - | (£7,800) |