Mineral leases: terminal loss relief: persons eligible to claim
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,
- has an interest in the land to which the lease or agreement relates.
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).