Irish Ordinary Resident definition

Irish Ordinary Resident means  in the case of an individual, means an individual who is ordinarily resident in Ireland for tax purposes; in the case of a trust, means a trust that is ordinarily resident in Ireland for tax purposes. An individual will be regarded as ordinarily resident for a particular tax year if he/she has been Irish Resident for the three previous consecutive tax years (i.e. he/she becomes ordinarily resident with effect from the commencement of the fourth tax year). An individual will remain ordinarily resident in Ireland until he/she has been non-Irish Resident for three consecutive tax years. Thus, an individual who is resident and ordinarily resident in Ireland in the tax year 1 January 2014 to 31 December 2014 and departs from Ireland in that tax year will remain ordinarily resident up to the end of the tax year 1 January 2017 to 31 December 2017. The concept of a trust’s ordinary residence is somewhat obscure and linked to its tax residence;
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Irish Ordinary Resident means an individual who is ordinarily resident in Ireland for tax purposes. An individual who has been resident in Ireland for three consecutive tax years becomes ordinarily resident with effect from the commencement of the fourth tax year. An individual who has been ordinarily resident in Ireland ceases to be ordinarily resident at the end of the third consecutive tax year in which s/he is not resident.
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Irish Ordinary Resident means (i) in the case of an individual, means one who is ordinarily resident in Ireland for tax purposes; and (ii) in the case of a trust, means one that is ordinarily resident in Ireland for tax purposes. Ordinarily resident, for the purposes of this definition, shall have the meaning ascribed to it from time to time by Irish tax law. For further information see the section entitled ‛Taxation of Shareholders’, and ‛Irish Ordinary Residents’ shall be construed accordingly.
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Examples of Irish Ordinary Resident in a sentence

  • In general, non-corporate Shareholders who are Irish Resident or Irish Ordinary Resident will not be subject to further Irish tax on income from their Shares or gains made on disposal of the Shares where tax has been deducted by the Company on payments received.

  • The Company will not have to deduct tax on the occasion of a chargeable event in respect of a Shareholder if (a) the Shareholder is neither Irish Resident nor Irish Ordinary Resident, (b) the Shareholder has made a Relevant Declaration and (c) the Company is not in possession of any information which would reasonably suggest that the information contained therein is not, or is no longer materially correct.

  • Alternatively, where the Company has put in place appropriate measures to ensure Shareholders in the Company are neither Irish Resident nor Irish Ordinary Resident and has received the required Irish Revenue Commissioner approval, the Company is not required to deduct tax.

  • In the absence of a Relevant Declaration (or the Irish Revenue Commissioners approval) tax will arise on the happening of a chargeable event in the Company regardless of the fact that a Shareholder is neither Irish Resident nor Irish Ordinary Resident.

  • The obligation arises in relation to Shareholders who are Irish Resident or Irish Ordinary Resident (other than Exempted Irish Investors).

  • Any Shareholder who is Irish Resident or Irish Ordinary Resident and receives a distribution or a gain on any encashment, redemption, cancellation or transfer of Shares from which tax has not been deducted may be liable to income tax or corporation tax on the amount of such distribution or gain.

  • In the absence of a Relevant Declaration or approval from Revenue to operate Equivalent Measures, tax will arise on the happening of a chargeable event in the Company regardless of the fact that a Shareholder is neither Irish Resident nor Irish Ordinary Resident.

  • In general, non- corporate Shareholders who are Irish Resident or Irish Ordinary Resident will not be subject to further Irish tax on income from their Shares or gains made on disposal of the shares where tax has been deducted by the Company on payments received.

  • Shareholders who are neither Irish Resident nor Irish Ordinary Resident and who have made Relevant Declarations in respect of which the Company is not in possession of any information which would reasonably suggest that the information contained in the Relevant Declaration is not, or is no longer materially correct, will not be liable to Irish tax in respect of income from their Shares and gains made on the disposal of their Shares.

  • To the extent that a Shareholder is acting as an Intermediary on behalf of persons who are neither Irish Resident nor Irish Ordinary Resident, no tax will have to be deducted by the Company on the occasion of a chargeable event provided that the Intermediary has made a Relevant Declaration that they are acting on behalf of such persons and the Company is not in possession of any information which would reasonably suggest that the information contained therein is not, or is no longer materially correct.


More Definitions of Irish Ordinary Resident

Irish Ordinary Resident in the case of an individual, means an individual who is ordinarily resident in Ireland for tax purposes; in the case of a trust, means a trust that is ordinarily resident in Ireland for tax purposes.
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Irish Ordinary Resident means an individual who is ordinarily resident in Ireland for tax purposes. An individual who has been resident in Ireland for three consecutive tax years becomes ordinarily resident with effect from the commencement of the fourth tax year. An individual who has been ordinarily resident in Ireland ceases to be ordinarily resident at the end of the third consecutive tax year in which s/he is not resident.which Ireland has a double tax agreement under the terms of that double tax agreement. A company which has its central management and control in Ireland is tax resident in Ireland irrespective of where it is incorporated.Companies incorporated prior to 1 January 2015 have until
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Irish Ordinary Resident in the case of an individual, means an individual who is ordinarily resident in Ireland for tax purposes.
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Irish Ordinary Resident means “Irish Ordinary Resident” as defined in the
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Related to Irish Ordinary Resident

  • Irish Resident means any person Resident in Ireland or Ordinarily Resident in Ireland for tax purposes;

  • Ordinarily Resident in Ireland means “Ordinarily Resident in Ireland” as defined in

  • ordinarily resident means a person who actually lives and has lived continuously within the community council’s geographic territory as described in its MNO Community Charter Agreement for at least one (1) month immediately prior to the date of the community council’s election announcement. Such person must have a permanent residence (i.e. address) within the community council’s geographic area. In making such determination, temporary absences from the community for reasons such as travel, education, medical treatment, military service or incarceration shall be considered periods of residence provided the person was ordinarily resident prior to such temporary absence. Such person can have only one place of ordinary residence.

  • Canadian Resident means a resident of Canada for purposes of the ITA and includes a partnership any member of which is a resident of Canada for purposes of the ITA;

  • Eligible Corporation means any domestic C corporation (as defined in section 1361(a)(2) of the Code) other than a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, an entity described in section 851(a) or 856(a) of the Code, a REMIC; or an organization to which part I, subchapter T, chapter 1, subtitle A of the Code applies. The Term "Related Person" means any person that bears a relationship to the Transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions; or is under common control (within the meaning of section 52(a) and (b) of the Code) with the Transferee.

  • UK Subsidiary means a Subsidiary organized under the laws of England and Wales.

  • Domestic Corporation means an entity that is treated as a corporation for United States federal income tax purposes and is a U.S. Tax Person.

  • Australian Subsidiary means any Subsidiary that is organized under the laws of Australia or any province or territory thereof.

  • Foreign nonprofit corporation means an entity:

  • Designated Non-423 Corporation means any Related Corporation or Affiliate selected by the Board to participate in the Non-423 Component.

  • Australian Corporations Act means the Corporations Xxx 0000 (Cth) of Australia.

  • Canadian Investment Manager designation means the designation earned through the Canadian investment manager program prepared and administered by CSI Global Education Inc. and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

  • Non-Resident means in the case of an individual, one who maintains a place of abode outside Hong Kong; and in the case of a corporation, one which is not incorporated in Hong Kong.

  • Primary Residence means an Insured’s fixed, permanent and main home for legal and tax purposes.

  • foreign fishing vessel means any fishing vessel other than a local fishing vessel;

  • Designated 423 Corporation means any Related Corporation selected by the Board to participate in the 423 Component.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • collective investment scheme means any arrangements with respect to property of any description, including money, the purpose or effect of which is to enable Persons taking part in the arrangements (whether by becoming owners of the property or any part of it or otherwise) to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of such profits or income.

  • Eligible Household means a household charged a UEC on their natural gas and/or electricity for the residence at which they reside as evidenced by their utility bill or UEC-participating utility vendor, has annual income at or below the current income limits of the federal poverty level, and meets other income criteria for assistance from the Nevada Fund for Energy Assistance and Conservation. Conversely, households not charged a UEC are ineligible for assistance from the fund. A household that receives benefits funded with LIHEAP grant monies may also be referred to as an eligible household in this plan. Also, refer to “UEC Eligible.”

  • Special Equity Interest means any Equity Interest that is subject to a Lien in favor of creditors of the issuer of such Equity Interest provided that (a) such Lien was created to secure Indebtedness owing by such issuer to such creditors, (b) such Indebtedness was (i) in existence at the time the Obligors acquired such Equity Interest, (ii) incurred or assumed by such issuer substantially contemporaneously with such acquisition or (iii) already subject to a Lien granted to such creditors and (c) unless such Equity Interest is not intended to be included in the Collateral, the documentation creating or governing such Lien does not prohibit the inclusion of such Equity Interest in the Collateral.

  • Family farm corporation means a corporation founded for the purpose of farming agricultural land in which the majority of the voting stock is held by and the majority of the stockholders are persons or the spouse of persons related to each other within the fourth degree of kinship, according to the rules of the civil law, and at least one of the related persons is residing on or actively operating the farm, and none of whose stockholders are a corporation. A family farm corporation does not cease to qualify under this division where, by reason of any devise, bequest, or the operation of the laws of descent or distribution, the ownership of shares of voting stock is transferred to another person, as long as that person is within the degree of kinship stipulated in this division.

  • Qualifying corporation means any person classified for federal income tax purposes as an association taxable as a corporation, except either of the following:

  • Controlled Foreign Corporation means “controlled foreign corporation” as defined in the Tax Code.

  • Qualifying Subsidiary means any Subsidiary of the Company that (i) is not the Issuer or an Initial Guarantor, and (ii) at the relevant time of determination, is not a Joint Venture Company, a Project Company, a Local Operating Company, a Bidding Company or a Holding Vehicle.

  • foreign ship means a ship which—