Corporation tax on income
This section has no associated Explanatory Notes
44(1)The following provisions of CTA 2009 (which provide for corporation tax relief on income in relation to mineral royalties) are repealed—
(a)section 135 (mineral royalties included as receipts of a trade),
(b)section 258 (mineral royalties included as receipts of a UK property business), and
(c)sections 273 to 276 (mineral royalties receivable in connection with mines, quarries and other concerns).
(2)In consequence of the provision made by sub-paragraph (1)(c), in section 272 of CTA 2009, omit subsection (3).
(3)The amendments made by this paragraph have effect in relation to mineral royalties which a company is entitled to receive on or after 1 April 2013.