Statute
Section 272 — Corporation Tax Act 2009: Deduction for management expenses of owner of mineral rights
Text of the provision Official document
Deduction for management expenses of owner of mineral rights 272 1 This section applies if in an accounting period—
a a company lets a right to work minerals in the United Kingdom, and b the company pays a sum wholly and exclusively as an expense of management or supervision of the minerals in the accounting period.
2 In calculating the amount of rent receivable in connection with a UK section 39(4) concern, a deduction is allowed for the sum for the accounting period. 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Official source: legislation.gov.uk
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