# Finance Act 2020, Paragraph 1


(1) This Part 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 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).

---
Source: https://www.legislation.gov.uk/ukpga/2020/14/schedule/15/paragraph/1 (the official version)
Page: https://openlegislation.uk/finance-act-2020/schedule-15/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.