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Gold Coins & Inheritance Tax

paul0551 · 2017-09-03 11:08:22

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…

Comments

singhini Posts: 1,026 Forumite

26 March 2018 at 6:12PM

John-K wrote: »

This advice is of course utter rubbish. No better than suggesting selling your house for a pound to avoid cars costs, or similar. The fact that an idiot could give them away at less than their fair value is neither here nor there.

As a decent rule of thumb, do not take legal advice from someone who does not know the difference between two and to.

TOO right :rotfl:

I have a tendency to mute most posts so if your expecting me to respond you might be waiting along time!
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