276Power to determine what counts as “mineral royalties”U.K.
This section has no associated Explanatory Notes
The Commissioners for Her Majesty's Revenue and Customs may by regulations—
(a)provide whether, and to what extent, rents receivable under a mineral lease or agreement which relate both to the winning and working of minerals and to other matters are treated as mineral royalties, and
(b)provide for treating the whole of such rents as mineral royalties if the extent to which they relate to matters other than the winning and working of minerals is small.