SCHEDULES
SCHEDULE 39Repeal of miscellaneous reliefs etc
PART 6Mineral leases or agreements
45Chargeable gains
1
Section 201 of TCGA 1992 (mineral leases: royalties) is repealed.
2
In consequence of the provision made by sub-paragraph (1), in section 203 of TCGA 1992—
a
in subsection (1), for “sections 201 and 202” substitute “section 202”, and
b
in the heading, for “sections 201 and 202” substitute “section 202”.
3
The amendments made by this paragraph have effect—
a
for the purposes of capital gains tax, in relation to mineral royalties which a person is entitled to receive on or after 6 April 2013, and
b
for the purposes of corporation tax in respect of chargeable gains, in relation to mineral royalties which a company is entitled to receive on or after 1 April 2013.