S.I. No. 1/2002 - Capital Gains Tax (Multipliers) ( 2002) Regulations, 2002

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 (2002) Regulations 2002.

2. In relation to the disposal of an asset made in the year of assessment 2002, 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 that 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	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	7.180
1975-76	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	5.799
1976-77	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	4.996
1977-78	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	4.283
1978-79	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	3.956
1979-80	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	3.570
1980-81	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	3.091
1981-82	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	2.554
1982-83	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	2.149
1983-84	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.911
1984-85	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.735
1985-86	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.633
1986-87	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.562
1987-88	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.510
1988-89	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.481
1989-90	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.434
1990-91	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.376
1991-92	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.341
1992-93	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.294
1993-94	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.270
1994-95	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.248
1995-96	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.218
1996-97	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.194
1997-98	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.175
1998-99	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.156
1999-00	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.138
2000-01	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.091
2001	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	1.037

GIVEN 4 January 2002.

Frank M. Daly

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 2002 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.