Capital Gains Tax (Multipliers) (1985-86) Regulations, 1985.
AI-assisted research summary: The Revenue Commissioners make these regulations, which set the multiplier to use for asset disposals in 1985–86.
S.I. No. 181/1985 - Capital Gains Tax (Multipliers) (1985-86) Regulations, 1985. S.I. No. 181 of 1985. CAPITAL GAINS TAX (MULTIPLIERS) (1985-86) REGULATIONS, 1985. 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) (1985-86) Regulations, 1985. 2. In relation to the disposal of an asset made in the year 1985-86, 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. Year of assessment in which deductible expenditure incurred (1) (2) 1974-75 ... ... ... ... ... ... 4.397 1975-76 ... ... ... ... ... ... 3.551 1976-77 ... ... ... ... ... ... 3.059 1977-78 ... ... ... ... ... ... 2.623 1978-79 ... ... ... ... ... ... 2.423 1979-80 ... ... ... ... ... ... 2.186 1980-81 ... ... ... ... ... ... 1.893 1981-82 ... ... ... ... ... ... 1.564 1982-83 ... ... ... ... ... ... 1.316 1983-84 ... ... ... ... ... ... 1.170 1984-85 ... ... ... ... ... ... 1.062 GIVEN this 26th day of June, 1985. L. REASON, 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 1985–86 are to be increased under section 3 (l) of the Capital Gains Tax (Amendment) Act, 1978 , for the purpose of computing the chargeable gain accuring 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.