SCHEDULES

SCHEDULE 15 U.K. Tax relief for scheme payments etc

Introductory U.K.

1 (1) 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 Schedule also provides for a relief from inheritance tax in respect of qualifying payments (but see paragraph 5(4), which contains an excepted case).