IE
S.I. No. 164/1989 - Capital Gains Tax (Multipliers) (1989-90) Regulations, 1989.
Statutory Text (3 Articles)
1. These Regulations may be cited as the Capital Gains Tax (Multipliers) (1989-90) Regulations, 1989.
2. In relation to the disposal of an asset made in the year 1989-90, 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 ... ... ... ... ... ...
5.009
1975-76 ... ... ... ... ... ...
4.046
1976-77 ... ... ... ... ... ...
3.485
1977-78 ... ... ... ... ... ...
2.988
1978-79 ... ... ... ... ... ...
2.760
1979-80 ... ... ... ... ... ...
2.490
1980-81 ... ... ... ... ... ...
2.156
1981-82 ... ... ... ... ... ...
1.782
1982-83 ... ... ... ... ... ...
1.499
1983-84 ... ... ... ... ... ...
1.333
1984-85 ... ... ... ... ... ...
1.210
1985-86 ... ... ... ... ... ...
1.140
1986-87 ... ... ... ... ... ...
1.090
1987-88 ... ... ... ... ... ...
1.054
1988-89 ... ... ... ... ... ...
1.034
GIVEN this 30th day of June, 1989.
C. MAC DOMHNAILL,
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 1989-90 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. 164 of 1989.
CAPITAL GAINS TAX (MULTIPLIERS) (1989-90) REGULATIONS, 1989.
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