IE
S.I. No. 209/1981 - Capital Gains Tax (Multipliers) (1981-82) Regulations, 1981.
Statutory Text (3 Articles)
1. These Regulations may be cited as the Capital Gains Tax (Multipliers) (1981-82) Regulations, 1981.
2. In relation to the disposal of an asset made in the year 1981-82, 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
...
...
...
...
...
...
2.812
1975-76
...
...
...
...
...
...
2.271
1976-77
...
...
...
...
...
...
1.956
1977-78
...
...
...
...
...
...
1.677
1978-79
...
...
...
...
...
...
1.549
1979-80
...
...
...
...
...
...
1.398
1980-81
...
...
...
...
...
...
1.210
GIVEN this 8th day of June, 1981.
S. PÁIRCÉIR,
Revenue Commissioner.
EXPLANATORY NOTE.
(This note is not part of the Instrument and does not purport to be a legal interpretation.)
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 1981-82 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 (base: mid-November, 1968 = 100) complied by the Central Statistics Office.
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