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

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.

S.I. No. 272 of 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