§12.25 - Mineral Rights and Mining Claims

JurisdictionWashington

§12.25 MINERAL RIGHTS AND MINING CLAIMS

The real estate excise tax applies to the sale of mineral rights in private property. WAC 458-61A-112. A conditional sale of mining property in which the grantee has the right to terminate the contract at any time is taxable only on the consideration received by the grantor for the execution of the contract. If additional consideration is received, additional tax is due the first time any of the following events occurs: (i) the contract terminates, (ii) the...

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