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Rounding of indexation allowance

This topic has 1 reply, 2 voices, and was last updated 8 years ago by Tax Tutor.

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June 5, 2016 at 2:41 pm #319623
Nada
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- Topics: 3
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Hi tutor,
I have noticed from my BPP revision kit that indexation factor is not rounded to 3 decimal places and is used as it is in calculating the indexation allowance. What is the correct treatment?
Thank you.
June 6, 2016 at 3:03 am #319713
Tax Tutor
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- Topics: 2
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The indexation is not rounded to the nearest 3rd decimal place ONLY when re-indexing the share pool
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