GOV.UK
Mineral leases: terminal loss relief: disposal of land
TCGA92/S202 (7)
If there is an actual disposal of the land prior to the expiry of the mineral lease, or a deemed disposal otherwise than as a result of a claim under TCGA92/S202 (3), and an allowable loss arises, that loss can be utilised in the normal way. However, the person making the disposal, providing they are eligible to make a claim, see CG71742, can elect to treat this loss as a `terminal loss’ for the purposes of TCGA92/S202 and can carry back the loss in accordance with TCGA92/S202 (9)-(11), see CG71751.