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This excerpt taken from the ELN 6-K filed Mar 30, 2009. Irish
Capital Acquisitions Tax
A gift or inheritance of Ordinary Shares will be and, in the
case of our warrants or American Depository Warrant Shares
(ADWSs) representing such warrants, may be, within the charge to
Irish capital acquisitions tax, notwithstanding that the person
from whom the gift or inheritance is received is domiciled or
resident outside Ireland. Capital acquisitions tax is charged at
the rate of 22% above a tax-free threshold. This tax-free
threshold is determined by the relationship between the donor
and the successor or donee. It is also affected by the amount of
the current benefit and previous benefits taken since
5 December 1991 from persons within the same capital
acquisitions tax relationship category. Gifts and inheritances
between spouses are not subject to capital acquisitions tax.
The Estate Tax Convention between Ireland and the United States
generally provides for Irish capital acquisitions tax paid on
inheritances in Ireland to be credited against tax payable in
the United States and for tax paid in the United States to be
credited against tax payable in Ireland, based on priority rules
set forth in the Estate Tax Convention, in a case where
warrants, ADWSs, ADSs or Ordinary Shares are subject to both
Irish capital acquisitions tax with respect to inheritance and
U.S. federal estate tax. The Estate Tax Convention does not
apply to Irish capital acquisitions tax paid on gifts.
This excerpt taken from the ELN 20-F filed Feb 26, 2009. Irish
Capital Acquisitions Tax
A gift or inheritance of Ordinary Shares will be and, in the
case of our warrants or American Depository Warrant Shares
(ADWSs) representing such warrants, may be, within the charge to
Irish capital acquisitions tax, notwithstanding that the person
from whom the gift or inheritance is received is domiciled or
resident outside Ireland. Capital acquisitions tax is charged at
the rate of 22% above a tax-free threshold. This tax-free
threshold is determined by the relationship between the donor
and the successor or donee. It is also affected by the amount of
the current benefit and previous benefits taken since
December 5, 1991 from persons within the same capital
acquisitions tax relationship category. Gifts and inheritances
between spouses are not subject to capital acquisitions tax.
The Estate Tax Convention between Ireland and the United States
generally provides for Irish capital acquisitions tax paid on
inheritances in Ireland to be credited against tax payable in
the United States and for tax paid in the United States to be
credited against tax payable in Ireland, based on priority rules
set forth in the Estate Tax Convention, in a case where
warrants, ADWSs, ADSs or Ordinary Shares are subject to both
Irish capital acquisitions tax with respect to inheritance and
U.S. federal estate tax. The Estate Tax Convention does not
apply to Irish capital acquisitions tax paid on gifts.
This excerpt taken from the ELN 6-K filed Mar 31, 2008. Irish
Capital Acquisitions Tax
A gift or inheritance of Ordinary Shares will be and, in the
case of our warrants or American Depository Warrant Shares
(ADWSs) representing such warrants, may be, within the charge to
Irish capital acquisitions tax, notwithstanding that the person
from whom the gift or inheritance is received is domiciled or
resident outside Ireland. Capital acquisitions tax is charged at
the rate of 20% above a tax-free threshold. This tax-free
threshold is determined by the relationship between the donor
and the successor or donee. It is also affected by the amount of
the current benefit and previous benefits taken since
5 December 1991 from persons within the same capital
acquisitions tax relationship category. Gifts and inheritances
between spouses are not subject to capital acquisitions tax.
The Estate Tax Convention between Ireland and the United States
generally provides for Irish capital acquisitions tax paid on
inheritances in Ireland to be credited against tax payable in
the United States and for tax paid in the United States to be
credited against tax payable in Ireland, based on priority rules
set forth in the Estate Tax Convention, in a case where
warrants, ADWSs, ADSs or Ordinary Shares are subject to both
Irish capital acquisitions tax with respect to inheritance and
U.S. Federal estate tax. The Estate Tax Convention does not
apply to Irish capital acquisitions tax paid on gifts.
This excerpt taken from the ELN 20-F filed Feb 28, 2008. Irish
Capital Acquisitions Tax
A gift or inheritance of Ordinary Shares will be and, in the
case of our warrants or American Depository Warrant Shares
(ADWSs) representing such warrants, may be, within the charge to
Irish capital acquisitions tax, notwithstanding that the person
from whom the gift or inheritance is received is domiciled or
resident outside Ireland. Capital acquisitions tax is charged at
the rate of 20% above a tax-free threshold. This tax-free
threshold is determined by the relationship between the donor
and the successor or donee. It is also affected by the amount of
the current benefit and previous benefits taken since
December 5, 1991 from persons within the same capital
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acquisitions tax relationship category. Gifts and inheritances
between spouses are not subject to capital acquisitions tax.
The Estate Tax Convention between Ireland and the United States
generally provides for Irish capital acquisitions tax paid on
inheritances in Ireland to be credited against tax payable in
the United States and for tax paid in the United States to be
credited against tax payable in Ireland, based on priority rules
set forth in the Estate Tax Convention, in a case where
warrants, ADWSs, ADSs or Ordinary Shares are subject to both
Irish capital acquisitions tax with respect to inheritance and
U.S. Federal estate tax. The Estate Tax Convention does not
apply to Irish capital acquisitions tax paid on gifts.
This excerpt taken from the ELN 6-K filed Mar 30, 2007. Irish
Capital Acquisitions Tax
A gift or inheritance of Ordinary Shares will be and, in the
case of our warrants or American Depository Warrant Shares
(ADWSs) representing such warrants, may be, within the charge to
Irish capital acquisitions tax, notwithstanding that the person
from whom the gift or inheritance is received is domiciled or
resident outside Ireland. Capital acquisitions tax is charged at
the rate of 20% above a tax-free threshold. This tax-free
threshold is determined by the relationship between the donor
and the successor or donee. It is also affected by the amount of
the current benefit and previous benefits taken since
5 December 1991 from persons within the same capital
acquisitions tax relationship category. Gifts and inheritances
between spouses are not subject to capital acquisitions tax.
The Estate Tax Convention between Ireland and the United States
generally provides for Irish capital acquisitions tax paid on
inheritances in Ireland to be credited against tax payable in
the United States and for tax paid in the United States to be
credited against tax payable in Ireland, based on priority rules
set forth in the Estate Tax Convention, in a case where
warrants, ADWSs, ADSs or Ordinary Shares are subject to both
Irish capital acquisitions tax with respect to inheritance and
US Federal estate tax. The Estate Tax Convention does not apply
to Irish capital acquisitions tax paid on gifts.
Elan Corporation, plc 2006 Annual
Report 141
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This excerpt taken from the ELN 20-F filed Feb 28, 2007. Irish
Capital Acquisitions Tax
A gift or inheritance of Ordinary Shares will be and, in the
case of our warrants or American Depository Warrant Shares
(ADWSs) representing such warrants, may be, within the charge to
Irish capital acquisitions tax, notwithstanding that the person
from whom the gift or inheritance is received is domiciled or
resident outside Ireland. Capital acquisitions tax is charged at
the rate of 20% above a tax-free threshold. This tax-free
threshold is determined by the relationship between the donor
and the successor or donee. It is also affected by the amount of
the current benefit and previous benefits taken since
December 5, 1991 from persons within the same capital
acquisitions tax relationship category. Gifts and inheritances
between spouses are not subject to capital acquisitions tax.
The Estate Tax Convention between Ireland and the United States
generally provides for Irish capital acquisitions tax paid on
inheritances in Ireland to be credited against tax payable in
the United States and for tax paid in the United States to be
credited against tax payable in Ireland, based on priority rules
set forth in the Estate Tax Convention, in a case where
warrants, ADWSs, ADSs or Ordinary Shares are subject to both
Irish capital acquisitions tax with respect to inheritance and
US Federal estate tax. The Estate Tax Convention does not apply
to Irish capital acquisitions tax paid on gifts.
This excerpt taken from the ELN 6-K filed Mar 31, 2006. Irish capital acquisitions
tax
A gift or inheritance of Ordinary Shares will be and, in the
case of our warrants or American Depository Warrant Shares
(ADWSs) representing such warrants, may be, within the charge to
Irish capital acquisitions tax, notwithstanding that the person
from whom the gift or inheritance is received is domiciled or
resident outside Ireland. Capital acquisitions tax is charged at
the rate of 20% above a tax free threshold. This tax free
threshold is determined by the relationship between the donor
and the successor or donee. It is also affected by the amount of
the current benefit and previous benefits taken since 5 December
1991 from persons within the same capital acquisitions tax
relationship category. Gifts and inheritances between spouses
are not subject to capital acquisitions tax.
The Estate Tax Convention between Ireland and the United States
generally provides for Irish capital acquisitions tax paid on
inheritances in Ireland to be credited against tax payable in
the United States and for tax paid in the United States to be
credited against tax payable in Ireland, based on priority rules
set forth in the Estate Tax Convention, in a case where
warrants, ADWSs, ADSs or Ordinary Shares are subject to both
Irish capital acquisitions tax with respect to inheritance and
U.S. Federal estate tax. The Estate Tax Convention does not
apply to Irish capital acquisitions tax paid on gifts.
This excerpt taken from the ELN 20-F filed Mar 30, 2006. Irish
Capital Acquisitions Tax
A gift or inheritance of Ordinary Shares will be and, in the
case of our warrants or American Depository Warrant Shares
(ADWSs) representing such warrants, may be, within the charge to
Irish capital acquisitions tax, notwithstanding that the person
from whom the gift or inheritance is received is domiciled or
resident outside Ireland. Capital acquisitions tax is charged at
the rate of 20% above a tax-free threshold. This tax-free
threshold is determined by the relationship between the donor
and the successor or donee. It is also affected by the amount of
the current benefit and previous benefits taken since
December 5, 1991 from persons within the same capital
acquisitions tax relationship category. Gifts and inheritances
between spouses are not subject to capital acquisitions tax.
The Estate Tax Convention between Ireland and the United States
generally provides for Irish capital acquisitions tax paid on
inheritances in Ireland to be credited against tax payable in
the United States and for
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tax paid in the United States to be credited against tax payable
in Ireland, based on priority rules set forth in the Estate Tax
Convention, in a case where warrants, ADWSs, ADSs or Ordinary
Shares are subject to both Irish capital acquisitions tax with
respect to inheritance and U.S. Federal estate tax. The
Estate Tax Convention does not apply to Irish capital
acquisitions tax paid on gifts.
This excerpt taken from the ELN 6-K filed Apr 11, 2005. Irish capital acquisitions tax A gift or inheritance of Ordinary Shares will be and, in the case of our warrants or ADWSs representing such warrants, may be, within the charge to Irish capital acquisitions tax, notwithstanding that the person from whom the gift or inheritance is received is domiciled or resident outside Ireland. Capital acquisitions tax is charged at the rate of 20% above a tax free threshold. This tax free threshold is determined by the relationship between the donor and the successor or donee. It is also affected by the amount of the current benefit and previous benefits taken since 5 December 1991 from persons within the same capital acquisitions tax relationship category. Gifts and inheritances between spouses are not subject to capital acquisitions tax. The Estate Tax Convention between Ireland and the United States generally provides for Irish capital acquisitions tax paid on inheritances in Ireland to be credited against tax payable in the United States and for tax paid in the United States to be credited against tax payable in Ireland, based on priority rules set forth in the Estate Tax Convention, in a case where warrants, ADWSs, ADSs or Ordinary Shares are subject to both Irish capital acquisitions tax with respect to inheritance and U.S. Federal estate tax. The Estate Tax Convention does not apply to Irish capital acquisitions tax paid on gifts. | EXCERPTS ON THIS PAGE:
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