Examples of Relevant Declaration in a sentence
Unitholders who are Irish Resident or Irish Ordinary Resident Unless a Unitholder is an Exempted Irish Investor and provides a Relevant Declaration to that effect or unless the Units are purchased by the Courts Service or the Unitholder is a corporate which has provided a declaration of its corporate status, tax at the rate of 41% will have to be deducted by the Manager on distributions and gains arising to the Unitholder on an encashment, redemption, cancellation or transfer of Units by a Unitholder.
Where taxes are withheld by the Manager on the basis that no Relevant Declaration has been filed with the Manager by the Unitholder, Irish legislation does not provide for a refund of tax except in the following circumstances; The appropriate tax has been correctly returned by the Manager and within one year of making of the return the Manager can prove to the satisfaction of the Revenue Commissioners that it is just and reasonable for such tax which has been paid to be repaid to the Manager.
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 Trust regardless of the fact that a Unitholder is neither Irish Resident nor Irish Ordinary Resident.
Unitholders who are neither Irish Resident nor Irish Ordinary Resident The Manager will not have to deduct tax on the occasion of a chargeable event in respect of a Unitholder if (a) the Unitholder is neither Irish Resident nor Irish Ordinary Resident, (b) the Unitholder has made a Relevant Declaration and (c) the Manager is not in possession of any information which would reasonably suggest that the information contained therein is not, or is no longer materially correct.