S.I. No. 125/2001 - Capital Gains Tax (Multipliers) (2001) Regulations, 2001. (2001_si_125) | IE

ISB SI

Reg. 1 S.I. No. 125/2001 - Capital Gains Tax (Multipliers) (2001) Regulations, 2001. Open official source

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

ISB SI

Reg. 2 S.I. No. 125/2001 - Capital Gains Tax (Multipliers) (2001) Regulations, 2001. Open official source

2. In relation to the disposal of an asset made in the year of assessment 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 that 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

..

6.930

1975-76

..

5.597

1976-77

..

4.822

1977-78

..

4.133

1978-79

..

3.819

1979-80

..

3.445

1980-81

..

2.983

1981-82

..

2.465

1982-83

..

2.074

1983-84

..

1.844

1984-85

..

1.674

1985-86

..

1.577

1986-87

..

1.507

1987-88

..

1.457

1988-89

..

1.430

1989-90

..

1.384

1990-91

..

1.328

1991-92

..

1.294

1992-93

..

1.249

1993-94

..

1.226

1994-95

..

1.205

1995-96

..

1.175

1996-97

..

1.152

1997-98

..

1.134

1998-99

..

1.115

1999-00

..

1.098

2000-01

..

1.053

GIVEN this 2nd day of April, 2001.

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 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. 125/2001 - Capital Gains Tax (Multipliers) (2001) Regulations, 2001. 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. 125/2001 - Capital Gains Tax (Multipliers) (2001) Regulations, 2001.

Statutory Text (3 Articles)

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