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Debate House Prices


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Turkeys voting for Xmas !!!!

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Comments

  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Even better if we were destroyed by a Gold laden Meteor, oh the irony.

    With most of the gold on earth below the Lithosphere level they should all F off to Iceland.:)
    http://geology.geoscienceworld.org/cgi/content/abstract/21/10/937
  • Sir_Humphrey
    Sir_Humphrey Posts: 1,978 Forumite
    Is Gold covered by Capital Gains Tax?
    Politics is not the art of the possible. It consists of choosing between the disastrous and the unpalatable. J. K. Galbraith
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    Is Gold covered by Capital Gains Tax?

    Gold coins are not, since they are presently classed as currency.

    If this should change, I would expect a lot of dead "bugs".:rotfl:
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • Is Gold covered by Capital Gains Tax?


    No, I think Spandau Ballet are the only ones to have ever recorded it....
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Is Gold covered by Capital Gains Tax?

    It depends in the form it is held. Kruggerands are as are UK coins issued prior to Victoria as they aren't 'money' for the purposes of tax.

    Most UK issues gold coins from 1837 onwards are considered to be currency and CGT isn't payable on British/UK (unsure of the precise definition) currency in any form.

    Eg A gold Sovereign issued in the year of the Silver Jubilee of Elizabeth II wouldn't attract CGT if you were lucky enough to make a large enough gain in capital on it. One issued in the year of the Silver Jubilee of Elizabeth I would.
  • Harry_Powell
    Harry_Powell Posts: 2,089 Forumite
    No, I think Spandau Ballet are the only ones to have ever recorded it....

    http://www.youtube.com/watch?v=hxYleyPkm-s
    "I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.
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