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HMRC internal manual

Capital Gains Manual

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HM Revenue & Customs
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Mineral leases: terminal loss relief: persons eligible to claim

TCGA92/S202 (1)

A person is eligible to claim terminal loss relief under TCGA92/S202 if, at the time of the relevant event, see CG71740, he or she

  • is entitled to receive mineral royalties under the lease or agreement in question,

and

  • has an interest in the land to which the lease or agreement relates.

TCGA92/S203 (2)

No special form for a claim under TCGA92/S202 (3) or (7) is prescribed or provided.

TCGA92/S203 (2) provides that a claim under Section 202 must be made within four years from the date of the relevant event, see CG71740. (This time limit is effective from 1 April 2010: prior to that date the time limit was six years).