There are currently no known outstanding effects for the Finance Act 2012, Paragraph 46.
46(1)Section 202 of TCGA 1992 (mineral leases: capital losses) is amended as follows.U.K.
(2)In subsection (1)—
(a)after “currency of a mineral lease or agreement” insert “ entered into before the relevant date ”, and
(b)after “in relation to a mineral lease or agreement” insert “ entered into before that date ”.
(3)After that subsection insert—
“(1A)For the purposes of this section “the relevant date” means—
(a)for the purposes of capital gains tax, 6 April 2013; and
(b)for the purposes of corporation tax in respect of chargeable gains, 1 April 2013.”
(4)In subsection (3), after “termination of a mineral lease or agreement” insert “ entered into before the relevant date ”.
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