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HMRC internal manual

Business Income Manual

Farming: receipts from licence given to treasure seekers

S25 Income Tax (Trading and Other Income) Act 2005, S46 Corporation Tax Act 2009

Receipts from licences given to treasure seekers to search on farm land are, in strictness, chargeable as receipts of a property business (see PIM1050). Where, however, such receipts are comparatively small in amount no objection need be raised in practice to treating them as taxable farming trade receipts.