# Corporation Tax Act 2009, Section 272: Deduction for management expenses of owner of mineral rights

Extent: E+W+S+N.I.

(1) This section applies if in an accounting period—
(a) a company lets a right to work minerals in the United Kingdom, and
(b) the company pays a sum wholly and exclusively as an expense of management or supervision of the minerals in the accounting period.
(2) In calculating the amount of rent receivable in connection with a UK section 39(4) concern, a deduction is allowed for the sum for the accounting period.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/272 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-272
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.