S.I. No. 1/2002 - Capital Gains Tax (Multipliers) ( 2002) Regulations, 2002


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:

1.       These Regulations may be cited as the Capital Gains Tax (Multipliers (2002) Regulations 2002.

2.       In relation to the disposal of an asset made in the year of assessment 2002, 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

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

7.180

1975-76

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

5.799

1976-77

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

4.996

1977-78

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

4.283

1978-79

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

3.956

1979-80

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

3.570

1980-81

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

3.091

1981-82

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

2.554

1982-83

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

2.149

1983-84

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.911

1984-85

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.735

1985-86

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.633

1986-87

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.562

1987-88

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.510

1988-89

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.481

1989-90

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.434

1990-91

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.376

1991-92

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.341

1992-93

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.294

1993-94

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.270

1994-95

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.248

1995-96

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.218

1996-97

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.194

1997-98

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.175

1998-99

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.156

1999-00

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.138

2000-01

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.091

2001

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

..

1.037

GIVEN 4 January 2002.

Frank M. Daly

Revenue Commissioner

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 2002 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.