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

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) (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.