Corporation Tax – Chargeable Gains Indexation Allowance to be Frozen

Corporate indexation allowance – To bring the UK in line with other major economies and broaden the tax base through removing relief for inflation that is not available elsewhere in the tax system, the corporate indexation allowance will be frozen from 1 January 2018.
Accordingly, no relief will be available for inflation accruing after this date in calculating chargeable gains made by companies.