CG71700 - Mineral royalties

TCGA92/S201 (1)

Relief used to be available where mineral royalties were received in respect of minerals which are situated in the United Kingdom before 1 April 2013 (for businesses subject to Corporation Tax) and 6 April 2013 (for businesses subject to Income Tax).

The relief has been withdrawn for mineral royalties receivable on or after those dates by FA 2012/Sch 39/Para 43.

Prior to 1 May 1995 such mineral royalties were paid under deduction of basic rate Income Tax.

The guidance on this relief has now been archived.