# Finance Act 2012, Paragraph 45


(1) Section 201 of TCGA 1992 (mineral leases: royalties) is repealed.
(2) In consequence of the provision made by sub-paragraph (1), in section 203 of TCGA 1992—
(a) in subsection (1), for “sections 201 and 202” substitute “ section 202 ”, and
(b) in the heading, for “sections 201 and 202” substitute “ section 202 ”.
(3) The amendments made by this paragraph have effect—
(a) for the purposes of capital gains tax, in relation to mineral royalties which a person is entitled to receive on or after 6 April 2013, and
(b) for the purposes of corporation tax in respect of chargeable gains, in relation to mineral royalties which a company is entitled to receive on or after 1 April 2013.

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/45 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-39/paragraph-45
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.