IE
S.I. No. 144/1987 - Capital Gains Tax (Multipliers) (1987-88) Regulations, 1987.
Statutory Text (3 Articles)
1. These Regulations may be cited as the Capital Gains Tax (Multipliers) (1987-88) Regulations, 1987.
2. In relation to the disposal of an asset made in the year 1987-88, 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 ... ... ... ... ... ...
4.756
1975-76 ... ... ... ... ... ...
3.842
1976-77 ... ... ... ... ... ...
3.309
1977-78 ... ... ... ... ... ...
2.837
1978-79 ... ... ... ... ... ...
2.621
1979-80 ... ... ... ... ... ...
2.365
1980-81 ... ... ... ... ... ...
2.047
1981-82 ... ... ... ... ... ...
1.692
1982-83 ... ... ... ... ... ...
1.424
1983-84 ... ... ... ... ... ...
1.266
1984-85 ... ... ... ... ... ...
1.149
1985-86 ... ... ... ... ... ...
1.082
1986-87 ... ... ... ... ... ...
1.035
GIVEN this 29th day of May, 1987.
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 1987-88 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. 144 of 1987.
CAPITAL GAINS TAX (MULTIPLIERS) (1987-88) REGULATIONS, 1987.
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