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HMRC internal manual

Business Income Manual

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Measuring the profits (particular trades): Mineral extraction: royalties relief: Northern Ireland

S201 Taxation of Capital Gains Act 1992; S157, S314 and S340 Income Tax (Trade and Other Income) Act 2005; S135, S258 and S273 Corporation Tax Act 2009

This relief has been withdrawn in respect of mineral royalties that a person is entitled to receive on or after 1 April 2013 in respect of businesses subject to Corporation Tax and 6 April 2013 in respect of businesses subject to Income Tax.

The relief in BIM62090 applies to payments receivable before those dates if they were:

  1. periodical payments of compensation under S29 or S35 Mineral Development Act (Northern Ireland) 1969, or under S4 Petroleum (Production) Act (Northern Ireland) 1964.
  2. periodical payments made as mentioned in Section 37 of the 1969 Act referred to in (a) above or under Section 55(4)(b) of that Act or under Section 11 of the 1964 Act referred to in (a) above (payments in respect of minerals to persons entitled to a share of royalties under Section 13(3), Irish Land Act 1903).