Taxes Consolidation Act 1997 Schedule 2B, Paragraph 12

Declaration to Collector-General

Paragraph 12 of Schedule 2B sets out the requirements for a declaration to the Collector-General by an investment undertaking seeking exemption from exit tax on the basis of unit holder non-residency.

• An investment undertaking that was a special investment scheme (SCIU) on 31 March 2000 could avoid deducting exit tax by making a non-residency declaration to the Collector-General before 30 June 2000.
• The declaration must be in writing, made on a Revenue-prescribed form, and signed by the investment undertaking.
• It must state that, to the best of the undertaking's knowledge and belief, no units were held on 1 April 2000 by a State-resident person other than those listed in an attached schedule.
• The declaration must include a schedule setting out the name and address of each unit holder who was resident in the State on 1 April 2000.