IE
S.I. No. 181/1985 - Capital Gains Tax (Multipliers) (1985-86) Regulations, 1985.
Statutory Text (3 Articles)
1. These Regulations may be cited as the Capital Gains Tax (Multipliers) (1985-86) Regulations, 1985.
2. In relation to the disposal of an asset made in the year 1985-86, 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 ... ... ... ... ... ...
4.397
1975-76 ... ... ... ... ... ...
3.551
1976-77 ... ... ... ... ... ...
3.059
1977-78 ... ... ... ... ... ...
2.623
1978-79 ... ... ... ... ... ...
2.423
1979-80 ... ... ... ... ... ...
2.186
1980-81 ... ... ... ... ... ...
1.893
1981-82 ... ... ... ... ... ...
1.564
1982-83 ... ... ... ... ... ...
1.316
1983-84 ... ... ... ... ... ...
1.170
1984-85 ... ... ... ... ... ...
1.062
GIVEN this 26th day of June, 1985.
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 1985–86 are to be increased under
section 3
(l) of the
Capital Gains Tax (Amendment) Act, 1978
, for the purpose of computing the chargeable gain accuring 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.
S.I. No. 181 of 1985.
CAPITAL GAINS TAX (MULTIPLIERS) (1985-86) REGULATIONS, 1985.
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