54 Calculation of indexation allowance
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

54  Calculation of indexation allowance

(1)     Subject to any provision to the contrary, the indexation allowance is the aggregate of the indexed rise in each item of relevant allowable expenditure; and, in relation to any such item of expenditure, the indexed rise is a sum produced by multiplying the amount of that item by a figure expressed as a decimal and determined, subject to subsections (2) and (3) below, by the formula—

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