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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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OEICs: monthly savings schemes: statement of practice 2/99

SP2/99 provided a simplified method of calculating the capital gains position for regular contributors to monthly saving schemes. It simplified particularly the calculation of indexation allowance. The basic approach of the SP is to treat all regular investments and small withdrawals as made in the seventh month of the OEIC’s accounting year.