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Gold Coins & Inheritance Tax

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Gold Coins & Inheritance Tax

edited 30 November -1 at 1:00AM in Savings & Investments
31 replies 7.5K views
paul0551paul0551 Forumite
5 posts
edited 30 November -1 at 1:00AM in Savings & Investments
I've recently been buying 1oz Gold Britannia Coins.

These are purchased free of VAT & CGT as they are valid currency, carrying the value of £100.
Now here's the interesting bit............they carry a currency value of £100 but contain gold worth about £1,000.

So for Inheritance Tax planning, are they:
a) taxed on the basis of £100 as they are denominated currency
b) taxed on the basis of £1000, being the intrinsic value of the bullion content

Have I stumbled on a way to" reduce" the value of an estate by 90%?
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