---
title: "The Offshore Asset Moves Penalty (Specified Territories) (Amendment) Regulations 2024"
id: 1d138314-e193-4dcb-8e50-4fdaa568f579
authority: uk
place: "United Kingdom"
applies_also_from: []
kind: regulation
in_force: true
publisher_url: https://www.legislation.gov.uk/uksi/2024/1195
attribution: "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
solon_url: https://solon.orangecat.ch/law/1d138314-e193-4dcb-8e50-4fdaa568f579
language: en
in_force_from: 2024-12-12
date_basis: publisher
status: consolidated
source_url: https://www.legislation.gov.uk/uksi/2024/1195/data.xml
read_on: 2026-11-10
sha256: def6e9b87ab3c2d594de88b7aca1103f3dd0878936965da235eb81ec17cacbce
provisions: 4
---

# The Offshore Asset Moves Penalty (Specified Territories) (Amendment) Regulations 2024

## Title and introductory text {#prelims}

2024 No. 1195
INCOME TAX
CAPITAL GAINS TAX
INHERITANCE TAX
The Offshore Asset Moves Penalty (Specified Territories) (Amendment) Regulations 2024
Made
19th November 2024
Laid before the House of Commons
21st November 2024
Coming into force
12th December 2024
The Treasury make the following Regulations in exercise of the power conferred by paragraph 4(5) of Schedule 21 to the Finance Act 2015.

## 1 Citation and commencement {#regulation-1}

These Regulations may be cited as the Offshore Asset Moves Penalty (Specified Territories) (Amendment) Regulations 2024.

## 2 {#regulation-2}

These Regulations come into force on 12th December 2024.

## 3 Amendment of the Schedule to the Offshore Asset Moves Penalty (Specified Territories) Regulations 2015 {#regulation-3}

The Schedule to the Offshore Asset Moves Penalty (Specified Territories) Regulations 2015 is amended as follows—
(a) for “Netherlands (including Bonaire, St Eustice and Saba)” substitute “Netherlands (not including Bonaire, St Eustice and Saba),” ;
(b) omit “Russia,” and “Trinidad and Tobago,”; and
(c) in the appropriate place insert the following—
“Albania,”,
“Azerbaijan,”,
“Ecuador,”,
“Georgia,”,
“Jamaica,”,
“Kazakhstan,”,
“Kenya,”,
“Maldives,”,
“Moldova,”,
“New Caledonia,”,
“Nigeria,”,
“Oman,”,
“Pakistan,”
“Peru,”,
“Taiwan,”,
“Thailand,”,
“Ukraine,”.