Related Commentary  Related HMRC Manuals

202(1)  This section has effect in relation to capital losses which accrue during the currency of a mineral lease or agreement entered into before the relevant date, and applies in any case where, at the time of the occurrence of a relevant event in relation to a mineral lease or agreement entered into before that date, the person who immediately before that event occurred was entitled to receive mineral royalties under the lease or agreement (“the taxpayer”) has an interest in the land to which the mineral lease or agreement relates (“the relevant interest” ).

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