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S.I. No. 184/1993 -- Capital Gains Tax (Multipliers) (1993-94) Regulations, 1993.

S.I. No. 184/1993 -- Capital Gains Tax (Multipliers) (1993-94) Regulations, 1993. 1993 184

S.I. No. 184/1993:

CAPITAL GAINS TAX (MULTIPLIERS) (1993-94) REGULATIONS, 1993.

CAPITAL GAINS TAX (MULTIPLIERS) (1993-94) REGULATIONS, 1993.

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) (1993-94) Regulations, 1993.

2. In relation to the disposal of an asset made in the year 1993-94, 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 ... ... ... ... ... 5.656
1975-76 ... ... ... ... ... 4.568
1976-77 ... ... ... ... ... 3.935
1977-78 ... ... ... ... ... 3.373
1978-79 ... ... ... ... ... 3.117
1979-80 ... ... ... ... ... 2.812
1980-81 ... ... ... ... ... 2.434
1981-82 ... ... ... ... ... 2.012
1982-83 ... ... ... ... ... 1.693
1983-84 ... ... ... ... ... 1.505
1984-85 ... ... ... ... ... 1.366
1985-86 ... ... ... ... ... 1.287
1986-87 ... ... ... ... ... 1.230
1987-88 ... ... ... ... ... 1.190
1988-89 ... ... ... ... ... 1.167
1989-90 ... ... ... ... ... 1.130
1990-91 ... ... ... ... ... 1.084
1991-92 ... ... ... ... ... 1.056
1992-93 ... ... ... ... ... 1.019

GIVEN this 30th day of June, 1993.

D. B. QUIGLEY,

Revenue Commissioner.

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 1993-94 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.



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URL: http://www.bailii.org/ie/legis/num_reg/1993/0184.html