S.I. No. 111/1999 - Capital Gains Tax (Multipliers) (1999-2000) Regulations, 1999

1. These Regulations may be cited as the Capital Gains Tax (Multipliers) (1999-2000) Regulations, 1999

2. In relation to the disposal of an asset made in the year 1999-2000, 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 deductible expenditure was incurred.

TABLE

Year of assessment in which deductible expenditure incurred

Multiplier

(1)

(2)

1974-75

............................................................ ........................................................

6.313

1975-76

............................................................ ........................................................

5.099

1976-77

............................................................ ........................................................

4.393

1977-78

............................................................ ........................................................

3.766

1978-79

............................................................ ........................................................

3.479

1979-80

............................................................ ........................................................

3.139

1980-81

............................................................ ........................................................

2.718

1981-82

............................................................ ........................................................

2.246

1982-83

............................................................ ........................................................

1.890

1983-84

............................................................ ........................................................

1.680

1984-85

............................................................ ........................................................

1.525

1985-86

............................................................ ........................................................

1.436

1986-87

............................................................ ........................................................

1.373

1987-88

............................................................ ........................................................

1.328

1988-89

............................................................ ........................................................

1.303

1989-90

............................................................ ........................................................

1.261

1990-91

............................................................ ........................................................

1.210

1991-92

............................................................ ........................................................

1.179

1992-93

............................................................ ........................................................

1.138

1993-94

............................................................ ........................................................

1.117

1994-95

............................................................ ........................................................

1.098

1995-96

............................................................ ........................................................

1.071

1996-97

............................................................ ........................................................

1.050

1997-98

............................................................ ........................................................

1.033

1998-99

............................................................ ........................................................

1.016

GIVEN this 27th day of April, 1999.

D.B. Quigley,

Chairman.

EXPLANATORY NOTE.

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

These Regulations specify the multipliers by reference by 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 1999-2000 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.

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