Ten pounds worth of gold artifacts found so far.....

[sherwood]

http://news.nationalgeographic.com/n...es/photo5.html

[stefen]

When a treasure trove of this magnitude is found in the UK, as I understand it is that it's auctioned and the selling price is split between the land owner and the finder.

Is this taxed as income with the Gov't getting a certain percentage?

Now if this same treasure trove is found in the United States, I must assume that the state, as well as, the Fed's take a deep dip into the proceeds.

Wonder what percentage that would be?

[Salvor6]

Sherwood this news is over 2 years old. I know it takes time before you hear news in Mexico but.....
Stefan the UK taxes it as ordinary income tax. Here in the US the federal govt. gets nothing (except your income tax) and the state gets 20% (here in FL).

[stefen]

Thanks...

Never was sure about the tax applications...

really don't mind paying the state tax