S.I. No. 209/1981 - Capital Gains Tax (Multipliers) (1981-82) Regulations, 1981.


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) (1981-82) Regulations, 1981.

2. In relation to the disposal of an asset made in the year 1981-82, 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

Multiplier

(1)

(2)

1974-75

...

...

...

...

...

...

2.812

1975-76

...

...

...

...

...

...

2.271

1976-77

...

...

...

...

...

...

1.956

1977-78

...

...

...

...

...

...

1.677

1978-79

...

...

...

...

...

...

1.549

1979-80

...

...

...

...

...

...

1.398

1980-81

...

...

...

...

...

...

1.210

GIVEN this 8th day of June, 1981.

S. P?IRCÉIR,

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 1981-82 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 (base: mid-November, 1968 = 100) complied by the Central Statistics Office.