Paragraph 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 ”.