Corporation Tax Act 2009

275Extended meaning of “mineral royalties” etc in Northern IrelandU.K.
This section has no associated Explanatory Notes

(1)In the application of this Chapter to Northern Ireland references to mineral royalties include the following periodical payments.

(2)The payments are—

(a)payments of compensation under section 29 or 35 of the Mineral Development Act (Northern Ireland) 1969 (c. 35 (N.I.)) (“the 1969 Act”),

(b)payments of compensation under section 4 of the Petroleum (Production) Act (Northern Ireland) 1964 (c. 28 (N.I.)) (“the 1964 Act”),

(c)payments made as mentioned in section 37 of the 1969 Act,

(d)payments made under section 55(4)(b) of the 1969 Act, and

(e)payments made under section 11 of the 1964 Act (payments in respect of minerals to persons entitled to a share of royalties under section 13(3) of the Irish Land Act 1903 (c. 37)).

(3)In the application of this Chapter to Northern Ireland references to the mineral lease or agreement under which mineral royalties are receivable include the enactment under which those payments are made.