Mineral Royalties Relief - A Clarification

In the article 'Mineral Royalties Relief...it's not set in stone' in the October edition of In the Spotlight we referred to the possibility that the existing regime of treating receipts as 50% income and 50% capital would continue until the mineral lease had ended. The article should have stated that any current arrangements will continue only until April 2013.

Therefore, where negotiations are currently underway it may be advantageous to finalise the contract so at least some of the monies received prior to April 2013 are liable to CGT. In...