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Amendment of section 71 (foreign securities and possessions) of Principal Act.
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6.— Section 71 of the Principal Act is amended by inserting the following after subsection (3A):
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“(3B) (a) This subsection shall apply where a person referred to in subsection (2) applies, outside the State, any income arising from securities or possessions in any place outside the State, in the making of a loan, or the transfer of money to that person’s spouse or civil partner, or in the acquisition of any property which is subsequently transferred to that person’s spouse or civil partner.
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(b) Where this subsection applies, any sums received in the State on or after 13 February 2013 from—
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(i) remittances payable in the State,
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(ii) property imported,
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(iii) money or value arising from property not imported, or
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(iv) money or value so received on credit or on account in respect of such remittances, property, money or value,
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which derive from the loan, or transfer of money or property referred to in paragraph (a), shall be treated, for the purpose of subsection (3), as if the sums received in the State had been brought into the State by the person referred to in subsection (2).”.
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