I would say generally not because what you find is a matter of luck and it is unexpected and unpredictable. However, if your major source of income was money that you recovered by regularly metal detecting and selling finds you might find yourself having to answer awkward questions.newseeker wrote: ↑Sat Nov 25, 2017 5:30 amis found money taxable?fred wrote: ↑Sat Nov 18, 2017 7:26 pmThe danger is that if you go down the tax deductible route you could end up being liable for taxes on your finds. Given that HMG struggles with the concept that huge multi national companies make money it may not be very likely but remember that you are a lot easier target than they are.
Personally as a pensioner I would love to be able to deduct the petrol and other expenses of metal detecting. The taxman would lose out every time so it is unlikely to wash though.