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valentino46
valentino46 Registered Posts: 124 Dedicated contributor 🦉
in AAT Level 4 (Level 8 in Scotland)
hi all,

does the revision ever end!!!

when using the FA 1985 pool for shares in personal tax, is there no indexation allowance to calculate?

wow info overload in my head goin on here

cheers

rob

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  • noodles
    noodles Registered Posts: 308 Dedicated contributor 🦉
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    My understanding is that there is only indexation for business tax, with personal tax you have the annual exempt 10100
  • Esme
    Esme Registered Posts: 711 Epic contributor 🐘
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    Indexation allowance hasn't occured since 2008.
  • valentino46
    valentino46 Registered Posts: 124 Dedicated contributor 🦉
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    thanks,

    why did they change the indexation allowance to AEA for shares relating to personal tax?

    rob

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