Select view:

Taxes Consolidation Act, 1997 (Number 39 of 1997)


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.




Inserted by FA01 s72(1). This section shall be deemed to have applied as on and from 1 January 2001.


[-] [+]

Substituted by FA12 sched4(part2)(g).


[-] [+]

Substituted by FA12 sched4(part2)(g).