747C Return on acquisition of material interest.

Where in any chargeable period a person acquires a material interest in an offshore fund, the person shall, notwithstanding anything to the contrary in ^[2]>section 950 or 1084^<[2][2]>Part 41A or section 1084^<[2], be deemed for that chargeable period to be a chargeable person for the purposes of ^[3]>sections 951 and 1084^<[3][3]>Chapter 3 of Part 41A and section 1084^<[3], and the return of income to be delivered by the person for that chargeable period shall include the following particulars—

(a) the name and address of the offshore fund,

(b) a description, including the cost to the person, of the material interest acquired, and

(c) the name and address of the person through whom the material interest was acquired.