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

Type Statutory Instrument

Publication 1981-06-08

State In force

Text As published

Source Irish Statute Book

articles 2

This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.

Reform history JSON API

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	Year of assessment in which deductible expenditure incurred	Year of assessment in which deductible expenditure incurred	Year of assessment in which deductible expenditure incurred	Year of assessment in which deductible expenditure incurred	Year of assessment in which deductible expenditure incurred	Year of assessment in which deductible expenditure incurred	Multiplier
(1)	(1)	(1)	(1)	(1)	(1)	(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

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	GIVEN this 8th day of June, 1981.
	S. PÁIRCÉIR,
	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.

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