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TonyTax, Tax Consultant
Category: Tax
Satisfied Customers: 15977
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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On the sale of a shop is indexation relief still available?

Customer Question

On the sale of a shop is indexation relief still available ?
Submitted: 1 year ago.
Category: Tax
Expert:  TonyTax replied 1 year ago.

Hi. My name is*****'m looking at your question now and will post my answer or ask for more information here in a short while.

Expert:  TonyTax replied 1 year ago.

You will get indexation relief if the shop is owned by a limited company and not by you personally. Look here for the tables. Indexation and taper relief were withdrawn for individuals with effect from 6 April 2008 in lieu of a big cut in the rate of CGT from 40% (for higher rate taxpayers) to 18%.

I hope this clarifies things for you but let me know if you have any further questions.