IntroductoryU.K.
1(1)This [F1Part of this] Schedule provides for the following in respect of qualifying payments—U.K.
(a)an exemption from income tax, and
(b)an exemption from capital gains tax.
(2)This [F2Part of this] Schedule also provides for a relief from inheritance tax in respect of qualifying payments (but see paragraph 5(4), which contains an excepted case).
Textual Amendments
F1Words in Sch. 15 para. 1(1) inserted (22.2.2024) by Finance Act 2024 (c. 3), s. 12(3)(c)(i)
F2Words in Sch. 15 para. 1(2) inserted (22.2.2024) by Finance Act 2024 (c. 3), s. 12(3)(c)(ii)