S.I. No. 157/1997 - Capital Gains Tax (Multipliers) (1997-98) Regulations, 1997

S.I. No. 157 of 1997.

CAPITAL GAINS TAX (MULTIPLIERS) (1997-98) REGULATIONS, 1997

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:

1. These Regulations may be cited as the Capital Gains Tax (Multipliers) (1997-98) Regulations, 1997.

2. In relation to the disposal of an asset made in the year 199798, 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 (1)	Multiplier (2)
1974-75	6.112
1975-76	4.936
1976-77	4.253
1977-78	3.646
1978-79	3.368
1979-80	3.039
1980-81	2.631
1981-82	2.174
1982-83	1.829
1983-84	1.627
1984-85	1.477
1985-86	1.390
1986-87	1.330
1987-88	1.285
1988-89	1.261
1989-90	1.122
1990-91	1.171
1991-92	1.142
1992-93	1.101
1993-94	1.081
1994-95	1.063
1995-96	1.037
1996-97	1.016

GIVEN this 14th day of April, 1997.

D. B. QUIGLEY,

Revenue Commissioners.

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 199798 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.