The Euro Rate for each year is the rate applicable on 31st October of previous year as published in the Official Journal. Individuals and others liable to capital gains tax are not entitled to indexation allowance for any period after April 1998. The RI month is the month in which the allowable expenditure was incurred or March 1982 where the expenditure where the expenditure was incurred on or before 31 March 1982. To calculate any possible chargeable gain, first increase the original cost of the investment by use of the appropriate indexation factor. Deduct the result from the sales proceeds.
Any profit is a chargeable gain.