S.I. No. 173/1982 - Capital Gains Tax (Multipliers) (1982-83) Regulations, 1982.

1. These Regulations may be cited as the Capital Gains Tax (Multipliers) (1982—83) Regulations, 1982.

2. In relation to the disposal of an asset made in the year 1982—83, 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 ............................................................ ..................................................

3.342

1975-76 ............................................................ ..................................................

2.699

1976-77 ............................................................ ..................................................

2.325

1977-78 ............................................................ ..................................................

1.993

1978-79 ............................................................ ..................................................

1.842

1979-80 ............................................................ ..................................................

1.662

1980-81 ............................................................ ..................................................

1.439

1981-82 ............................................................ ..................................................

1.189

GIVEN this 8th day of June, 1982.

S. PÁIRCÉIR,

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 1982-83 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) compiled by the Central Statistics Office.

S.I. No. 173 of 1982.

CAPITAL GAINS TAX (MULTIPLIERS) (1982-83) REGULATIONS, 1982.

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