17:59 GMT +319 June 2019
Listen Live
    Gold

    Frenchman Strikes Gold (Literally), Finds $3.7Mln Treasure in Inherited House

    © Photo : Pixabay
    Life
    Get short URL
    12527

    A Frenchman who inherited a house from a dead relative discovered 100 kg of pure gold in coins and bars hidden throughout the residence. Now he faces a 45% inheritance tax, plus an annual wealth tax.

    A Frenchman inherited a mansion in Normandy from his deceased relative, Associated France Press agency reports with referrence to local media. The name of the man and his relationship to the previous owner of the house were not released.

    While moving the furniture in the house he unexpectedly came across hidden gold coins and bars weighting 100 kg and worth €3.5 million ($3.7 million).

    “There were 5,000 gold pieces, two bars weighing 12 kilos and 37 ingots of 1 kilo,” Nicolas Fierfort, a local auctioneer, told AFP. He added that the treasures were “extremely well hidden.” “It was under the furniture, under piles of linen, in the bathroom… everywhere,” he said.

    However, local officials were not less happy about the finding that the Frenchman himself. They will claim 45% of the treasure's worth as the inheritance tax, and annual wealth tax of about €35,000 ($37,000).

    Moreover, the officials will study the archives to see if his relative paid any wealth taxes. If not, his heir will be obliged to pay up for the old wealth tax bills to. 

    Related:

    Timeless Treasure: Stolen Persian Artifacts Repatriated to Iran From Italy
    Sunken Treasure? Canadian Diver May Have Found Missing Cold War Era Nuke
    Hidden Treasure: Ship With Mysterious Cargo Found at the Bottom of Baltic
    Tags:
    tax, taxes, heritage, treasure, gold, France
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik