# Finance Act 2012, 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 ”.

---
Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/46 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-39/paragraph-46
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.