But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born
More and more property owners find it appealing to sell their mineral rights rather than lease them. Reduced financial risks, liquidity, and today’s natural gas boom are just among the many reasons why people choose to sell their mineral rights upfront. But apart from these, people are also choosing to sell their mineral rights due to tax savings.
Leases are considered regular income. As such, when you lease your mineral rights, any amount you regularly receive will be subjected to tax. However, when you sell your mineral rights straightaway, you could only be subjected to capital gains tax, which is a one-time tax you pay after realizing a profit from the sale of your rights.
Tax savings are just among the many benefits of selling your mineral rights. To learn more about selling your mineral rights in Texas, speak with our team of mineral rights brokers at The Mineral Auction by calling (512) 698-2802 today.
If you’ve been thinking of putting your mineral rights up for sale, or you’re interested in learning more about how much you could potentially get for your interests, then The Mineral Auction is ready to help you.
We’re located in Austin, TX, and because we have connections to thousands of oil and gas royalties and mineral rights buyers, we know that we can get you the best deal if you are looking to sell your mineral rights, whether you’re located in Texas or anywhere else in the U.S.