»Ê¹ÚÌåÓýapp

Many trust managers offer monthly saving schemes. »Ê¹ÚÌåÓýapp unit holder makes regular contributions which are used to buy units. SP2/99 allows contributors to schemes operated by authorised unit trusts to use a simplified method of computing indexation allowance. »Ê¹ÚÌåÓýapp basic approach of the SP is to treat all the regular investments and most withdrawals as made in the seventh month of the trust’s accounting year.

NOTE. If a taxpayer is within the charge to Capital Gains Tax, neither indexation allowance nor taper relief apply to disposals of assets on or after 6 April 2008. Previously indexation allowance had been frozen at April 1998. For indexation allowance see CG17207+ and for taper relief see CG17895+.