SCHEDULES
SCHEDULE 39Repeal of miscellaneous reliefs etc
PART 6Mineral leases or agreements
Chargeable gains
46
1
Section 202 of TCGA 1992 (mineral leases: capital losses) is amended as follows.
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
”
.