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Can buying physical gold help with tax amount?
TUVOK
Posts: 538 Forumite
in Cutting tax
If I buy Royal Mint coins will that help with the amount of tax I will have to pay, or is it better to but from physical bullion coin dealers in London?
0
Comments
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Sovereign snd Britannia coins are not subject to CGT but that is as far as it goes.
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It will probably be cheaper NOT buying from the Mint. They do have a bullion arm so maybe worth checking the prices on there
Gold & Silver Bullion | The Royal Mint1 -
What is the reason for wanting actual physical gold?
Have you considered the need to insure the asset and associated security costs?1 -
Some places (including the Royal Mint) will keep your gold for you. Of course you may think twice about keeping it in Hatton Garden.Grumpy_chap said:What is the reason for wanting actual physical gold?
Have you considered the need to insure the asset and associated security costs?2
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