S.I. No. 76/2000 - Capital Gains Tax (Multipliers) (2000-2001) Regulations, 2000. (2000_si_76) | IE

ISB SI

Reg. 1 S.I. No. 76/2000 - Capital Gains Tax (Multipliers) (2000-2001) Regulations, 2000. Open official source

1. These Regulations may be cited as the Capital Gains Tax (Multipliers) (2000-2001) Regulations, 2000.

ISB SI

Reg. 2 S.I. No. 76/2000 - Capital Gains Tax (Multipliers) (2000-2001) Regulations, 2000. Open official source

2. In relation to the disposal of an asset made in the year 2000-2001, 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

..

6.582

1975-76

..

5.316

1976-77

..

4.580

1977-78

..

3.926

1978-79

..

3.627

1979-80

..

3.272

1980-81

..

2.833

1981-82

..

2.342

1982-83

..

1.970

1983-84

..

1.752

1984-85

..

1.590

1985-86

..

1.497

1986-87

..

1.432

1987-88

..

1.384

1988-89

..

1.358

1989-90

..

1.314

1990-91

..

1.261

1991-92

..

1.229

1992-93

..

1.186

1993-94

..

1.164

1994-95

..

1.144

1995-96

..

1.116

1996-97

..

1.094

1997-98

..

1.077

1998-99

..

1.059

1999-00

..

1.043

GIVEN this 24th day of March, 2000.

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 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 2000-2001 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 complied by the Central Statistics Office expressed on the basis that the consumer price index at mid-November, 1968, is 100.

ISB SI

Preamble S.I. No. 76/2000 - Capital Gains Tax (Multipliers) (2000-2001) Regulations, 2000. Open official source

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

S.I. No. 76/2000 - Capital Gains Tax (Multipliers) (2000-2001) Regulations, 2000.

Statutory Text (3 Articles)

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