S.I. No. 166/1984 - Capital Gains Tax (Multipliers) (1984-85) Regulations, 1984. (1984_si_166) | IE

ISB SI

Reg. 1 S.I. No. 166/1984 - Capital Gains Tax (Multipliers) (1984-85) Regulations, 1984. Open official source

1. These Regulations may be cited as the Capital Gains Tax (Multipliers) (1984-85), Regulations, 1984.

ISB SI

Reg. 2 S.I. No. 166/1984 - Capital Gains Tax (Multipliers) (1984-85) Regulations, 1984. Open official source

2. In relation to the disposal of an asset made in the year 1984-85, 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 ... ... ... ... ... ...

4.140

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

3.344

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

2.881

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

2.470

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

2.282

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

2.059

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

1.782

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

1.473

1982-83 ... ... ... ... ... ...

1.239

1983-84 ... ... ... ... ... ...

1.102

GIVEN this 3rd day of July, 1984.

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 the asset in the year of assessment 1984-85 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.

ISB SI

Preamble S.I. No. 166/1984 - Capital Gains Tax (Multipliers) (1984-85) Regulations, 1984. Open official source

S.I. No. 166 of 1984.

CAPITAL GAINS TAX (MULTIPLIERS) (1984-85) REGULATIONS, 1984.

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

S.I. No. 166/1984 - Capital Gains Tax (Multipliers) (1984-85) Regulations, 1984.

Statutory Text (3 Articles)

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