BIM55225 - Farming: receipts from licence give to treasure seekers

Receipts from licences given to treasure seekers to search on farm land are, in strictness, chargeable under Schedule A by virtue of ICTA88/S15/PARA1 (4) or ITTOIA/S266 (3) (as amended by FA98/SCH5) (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.