Ordinarily Resident in Ireland definition

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

Ordinarily Resident in Ireland for the present purposes means:

Ordinarily Resident in Ireland means an individual who has been Resident in Ireland forthree consecutive tax years and becomes Ordinarily Resident in Ireland with effect from the commencement of the fourth tax year save that an individual who has been Ordinarily Resident in Ireland will continue to be Ordinarily Resident in Ireland until the commencement of the fourth consecutive tax year in which he/she is not Resident in Ireland;

Examples of Ordinarily Resident in Ireland in a sentence

• Exemption from Irish Tax Arising on Chargeable Events The Company will not be subject to Irish tax on gains arising on chargeable events where: (a) in the case of Shareholders who are Resident in Ireland or Ordinarily Resident in Ireland, they are Exempt Irish Investors; or (b) in the case of Shareholders who are not Resident in Ireland, they are Exempt Non-Resident Investors.

• Shareholders who are either Irish Resident or Ordinarily Resident in Ireland.

• In the absence of a Relevant Declaration there was a presumption that the investor was Irish Resident or Ordinarily Resident in Ireland.

• When a repurchase request has been submitted by an investor who is or is deemed to be an Irish Resident or a person Ordinarily Resident in Ireland or is acting on behalf of an Irish Resident or person Ordinarily Resident in Ireland, the Company shall deduct from the Repurchase Proceeds an amount which is equal to the tax payable by the Company to the Revenue Commissioners in respect of the relevant transaction.

• The position prior to the Act was that no tax would arise on an investment undertaking with regard to chargeable events in respect of a shareholder who was neither Irish Resident nor Ordinarily Resident in Ireland at the time of the chargeable event, provided that a Relevant Declaration was in place and the investment undertaking was not in possession of any information which would reasonably suggest that the information contained therein was no longer materially correct.

More Definitions of Ordinarily Resident in Ireland

Ordinarily Resident in Ireland means an individual who has been Resident in

Ordinarily Resident in Ireland means (a) in the case of an individual, an individual who is ordinarily resident in Ireland for tax purposes; and (b) in the case of a trust, a trust that is ordinarily resident in Ireland for tax purposes. The term “ordinary residence” as distinct from “residence”, relates to a person’s normal pattern of life and denotes residence in a place with some degree of continuity.

Ordinarily Resident in Ireland means the following:

Ordinarily Resident in Ireland in the case of an individual, means an individual who is ordinarily resident

Ordinarily Resident in Ireland means “Ordinarily Resident in Ireland” as defined in the Section entitled “Taxation”;

Ordinarily Resident in Ireland means “Ordinarily Resident in Ireland” as defined under the heading “Taxation”;

Ordinarily Resident in Ireland means in the case of;