IE
S.I. No. 110/1998 - Capital Gains Tax (Multipliers) (1998-99) Regulations, 1998.
Statutory Text (3 Articles)
1. These Regulations may be cited as the Capital Gains Tax (Multipliers) (1998-99) Regulations, 1998.
2. In relation to the disposal of an asset made in the year 1998-99, the multiplier for the purposes of
section 556
(2) of the
Taxes Consolidation Act, 1997
(No. 39 of 1997), 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 assessment in which deductible expenditure incurred
(1)
Multiplier
(2)
1974-75
6.215
1975-76
5.020
1976-77
4.325
1977-78
3.707
1978-79
3.425
1979-80
3.090
1980-81
2.675
1981-82
2.211
1982-83
1.860
1983-84
1.654
1984-85
1.502
1985-86
1.414
1986-87
1.352
1987-88
1.307
1988-89
1.282
1989-90
1.241
1990-91
1.191
1991-82
1.161
1992-93
1.120
1993-94
1.099
1994-95
1.081
1995-96
1.054
1996-97
1.033
1997-98
1.017
Dated this 20th day of April, 1998.
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 1998-99 are to be increased under
section 556
(2) of the
Taxes Consolidation Act, 1997
, 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. 110 of 1998.
CAPITAL GAINS TAX (MULTIPLIERS) (1998-99) REGULATIONS, 1998.
The Revenue Commissioners, in exercise of the powers conferred on them by
section 556
(6) of the
Taxes Consolidation Act, 1997
(No. 39 of 1997), hereby make the following regulations