Capital Gains Tax on Bullion | Chards

“Currency in sterling is not an asset for capital gains purposes. It is the unit by reference to which capital gains are measured”

This is good news if you have decided to dispose of your sovereigns (post 1837) half sovereigns, Britannias and other British gold coins, including the British Lunar series. As these coins have a legal ‘face value’ denominated in pounds sterling, they should be treated as exempt from capital gains tax. You could dispose of these – make an unlimited profit – and this should not be counted as part of your tax allowance. This produces a great argument for investing in British coins.

Take, for example, the one ounce gold Britannia coin: it has a face value of £100. In theory, if gold were to drop below £100 per ounce, then at least your one ounce gold Britannia will still be worth £100!

Product Add-ons/Gift Wrapping

Any gift box is supplied with a capsule.

Please note not every product is eligible for gift wrap.

“Silver” gift wrapping – Capsule, coin sleeve wrapped in tissue paper with sticker and gift card – optional customised message.

“Gold” gift wrapping – Capsule, Chards gift box wrapped in paper with sticker and gift card – optional customised message.

“Platinum” gift wrapping – Capsule, Chards Wooden Gift Box, ribbon with gold gift bag (with tissue and sticker) and gift card – optional customised message.

Read more on our page about product add-ons and gift wrapping options.

This content was originally published here.

Rate:

0 out of 5 stars(0 ratings)

Subscribe to Our Newsletter

money for gold logo

Learn About Buying and Selling Gold for the Best Prices

Get the latest news and expert advice on Gold!

We don’t spam! Read our privacy policy for more info.

Leave a Reply

Related

Credit Suisse Gold Bullion

Credit Suisse Gold Bullion Investment-Grade Gold Bullion Bars Gold bullion is simply the raw element from…

Read more

Theta Gold Mines Ltd (ASX:TGM) (OTCQB:TGMGF) has invested A$700,000 in Bullion Asset Management Services Pte Ltd (BAM),…

Read more

Last year felt like a pivot point in U.S. history. The pandemic and election left the nation ideologically…

Read more

Share Great Content for Our Resource Section

About

MoneyForGold.com is a resource site created for those looking to sell their personal collection of gold - whether it’s jewelry, coins, bars, antiques, etc., anything made from gold can be sold for quick cash. We encourage visitors to signup and share quality “Money For Gold” resources.

Have a question or comment? Email us at: contact@moneyforgold.com

Navigation
MoneyForGold.com
50% Complete

Learn Where to Sell Your Gold for the Best Prices

Free 3-Minute, Practical Stories Delivered to You Everyday!
Buy, Sell, Invest in Gold Today!