(1) In this section -
"Act of 2023" means the Mother and Baby Institutions Payment Scheme Act 2023;
"relevant payment", in relation to a relevant person, means a payment made to the relevant person under paragraph (a), or in respect of the relevant person under paragraph (c), of section 32(1) of the Act of 2023;
"relevant person" has the same meaning as it has in section 2 of the Act of 2023.
(2) Income that -
(a) consists of a relevant payment, or
(b) arises to a relevant person from the investment in whole or in part of a relevant payment or of the income derived from such a payment, being income consisting of dividends or other income which but for this section would be chargeable to tax under Schedule C or under Case III, IV (by virtue of section 59, 745 or 747E) or V of Schedule D or under Schedule F,
shall be exempt from income tax and shall not be reckoned in computing total income for the purposes of the Income Tax Acts.
(3) Gains that accrue to a relevant person, from the disp
…