S.I. No. 173/1992 - Capital Gains Tax (Multipliers) (1992-93) Regulations, 1992.

1. These Regulations may be cited as the Capital Gains Tax (Multipliers) (1992-93) Regulations, 1992.

2. In relation to the disposal of an asset made in the year 1992-93, 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

5.552

1975-76

4.484

1976-77

3.863

1977-78

3.312

1978-79

3.059

1979-80

2.760

1980-81

2.390

1981-82

1.975

1982-83

1.662

1983-84

1.478

1984-85

1.341

1985-86

1.263

1986-87

1.208

1987-88

1.168

1988-89

1.146

1989-90

1.109

1990-91

1.064

1991-92

1.037

GIVEN this 30th day of June, 1992.

D. B. QUIGLEY,

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 1992-93 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. 173 of 1992.

CAPITAL GAINS TAX (MULTIPLIERS) (1992-93) REGULATIONS, 1992.

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