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HMRC internal manual

Capital Gains Manual

Mineral royalties: application to Northern Ireland

ICTA88/S122 (7)

The provisions of ICTA88/S122 apply to certain statutory payments made in Northern Ireland. The payments in question are:

i) Payments of compensation under Sections 29 or 35 of the Mineral Development Act (Northern Ireland) 1969, or under Section 4 of the Petroleum (Production) Act (Northern Ireland) 1964; or

ii) Payments made as described in Section 37 of the Mineral Development Act (Northern Ireland) 1969 or under Section 55(4)(b) of that Act or under Section 11 of the Petroleum (Production) Act (Northern Ireland) 1964 (payments in respect of minerals to persons entitled to a share of royalties under Section 13(3) of the Irish Land Act 1903).