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Irish Statutory Instruments


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URL: http://www.bailii.org/ie/legis/num_reg/1986/0272.html

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S.I. No. 272/1986 -- Capital Gains Tax (Multipliers) (1986-87) Regulations, 1986.

S.I. No. 272/1986 -- Capital Gains Tax (Multipliers) (1986-87) Regulations, 1986. 1986 272

S.I. No. 272/1986:

CAPITAL GAINS TAX (MULTIPLIERS) (1986-87) REGULATIONS, 1986.

CAPITAL GAINS TAX (MULTIPLIERS) (1986-87) REGULATIONS, 1986.

The Revenue Commissioners, in exercise of the powers conferred on them by section 3 (5) of the Capital Gains Tax (Amendment) Act, 1978 (No. 33 of 1978), hereby make the following regulations:

1. These Regulations may be cited as the Capital Gains Tax (Multipliers) (1986-87) Regulations, 1986.

2. In relation to the disposal of an asset made in the year 1986-87, the multiplier for the purposes of section 3 (1) of the Capital Gains Tax (Amendment) Act, 1978 (No. 33 of 1978), shall be the figure mentioned in column (2) of the Table to this Regulation opposite the mention in column (1) of the said Table of the year of assessment in which the deductible expenditure was incurred.

TABLE

Year of assessment in which deductible expenditure incurred Multiplier
(1) (2)
1974-75 4.598
1975-76 3.714
1976-77 3.200
1977-78 2.743
1978-79 2.534
1979-80 2.286
1980-81 1.979
1981-82 1.636
1982-83 1.376
1983-84 1.224
1984-85 1.111
1985-86 1.046

GIVEN this 30th day of July, 1986.

L. REASON,

Revenue Commissioner.

EXPLANATORY NOTE.

These Regulations specify the multipliers by reference to which sums (such as the base cost of an asset and enhancement expenditure incurred on it) which are allowable as a deduction from the consideration for the disposal of an asset in the year of assessment 1986-87 are to be increased under section 3 (1) of the Capital Gains Tax (Amendment) Act, 1978 , for the purpose of computing the chargeable gain accruing to a person on such a disposal. The multipliers are derived from the consumer price index numbers compiled by the Central Statistics Office expressed on the basis that the consumer price index at mid-November, 1968, is 100.



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URL: http://www.bailii.org/ie/legis/num_reg/1986/0272.html