SCHEDULES

SCHEDULE 15Tax relief for scheme payments etc

Part 1Income tax and other related relief

Introductory

1

(1)

This F1Part of this Schedule provides for the following in respect of qualifying payments—

(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).