# Finance Act 2015, Section 121: Penalties in connection with offshore asset moves


Schedule 21 contains provision for imposing an additional penalty in cases where—
(a) a person is liable for a penalty for a failure to comply with an obligation or provide a document, or for providing an inaccurate document, relating to income tax, capital gains tax or inheritance tax, and
(b) there is a related transfer of, or change in the ownership arrangements for, an asset situated or held outside the United Kingdom.

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Source: https://www.legislation.gov.uk/ukpga/2015/11/section/121 (the official version)
Page: https://openlegislation.uk/finance-act-2015/section-121
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.