{
  "url": "https://openlegislation.uk/finance-act-2020/schedule-15/paragraph-1",
  "json_url": "https://openlegislation.uk/finance-act-2020/schedule-15/paragraph-1.json",
  "legislation": "ukpga/2020/14",
  "legislation_title": "Finance Act 2020",
  "legislation_url": "https://openlegislation.uk/finance-act-2020",
  "path": "schedule/15/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": null,
  "text": "(1) This Part of this Schedule provides for the following in respect of qualifying payments—\n(a) an exemption from income tax, and\n(b) an exemption from capital gains tax.\n(2) This Part 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).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 15 para. 1(1) inserted (22.2.2024) by Finance Act 2024 (c. 3), s. 12(3)(c)(i)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 15 para. 1(2) inserted (22.2.2024) by Finance Act 2024 (c. 3), s. 12(3)(c)(ii)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2020/14/schedule/15/paragraph/1",
    "retrieved_at": "2026-10-29T09:01:44.314864+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}