Before you sell mineral rights, it’s important to consider the tax consequences. Mineral rights taxes can be perplexing, and it's imperative that you don't overpay. It might surprise you to learn that compared to collecting royalty income, selling your mineral rights may result in substantial tax savings. Familiarize yourself with capital gains tax rates as they relate to mineral rights sales and inherited mineral rights' tax implications. Prioritize educating yourself on mineral rights taxes before making a decision so that you can take advantage of potential savings.