Commentary

92 Tax treatment of the receipt of royalties

MINES, MINERALS AND LANDFILL vol 26(3)
| Commentary

92 Tax treatment of the receipt of royalties

| Commentary

92 Tax treatment of the receipt of royalties

Since April 2013 100% of the mineral royalties received by a landowner are charged to income tax at the landowner’s rate for income tax or corporation tax on income.

For the historical context, in the debate to the 1963 Finance Bill (Hansard 26 June 1963 column 1472) the Minister suggested:

‘In the case where there is a genuine commercial reason for a restricted sale of the type caught by FA63/S24 (now CTA09/S224 or ITTOIA05/S284), there appears to be an alternative way of achieving much the same result. A landowner could enter into an arrangement

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