S.I. No. 158/1990 - Capital Gains Tax (Multipliers) (1990-91) Regulations, 1990.

1. These Regulations may be cited as the Capital Gains Tax (Multipliers) (1990—91) Regulations, 1990.

2. In relation to the disposal of an asset made in the year 1990—91, 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 deductable expenditure was incurred.

TABLE

Year of assesment in which deductable expenditure incurred

(1)

Multiplier

(2)

1974-75

5.221

1975-76

4.217

1976-77

3.633

1977-78

3.114

1978-79

2.877

1979-80

2.596

1980-81

2.247

1981-82

1.857

1982-83

1.563

1983-84

1.390

1984-85

1.261

1985-86

1.188

1986-87

1.136

1987-88

1.098

1988-89

1.077

1989-90

1.043

GIVEN this 28th day of June, 1990.

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 1990-91 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. 158 of 1990.

CAPITAL GAINS TAX (MULTIPLIERS) (1990-91) REGULATIONS, 1990.

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