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VAT on silver bullion
Hope no-one minds me checking a very simple point?
Buy (say) a one ounce silver bullion coin. VAT payable on purchase price.
If you were then to sell the coin back to the same dealer -and the silver spot price hadn’t changed much - you’d ‘pay’ the dealer’s margin. (buying v selling price), plus you’d effectively lose the VAT amount?
Thinking about buying a couple of coins and just want to be very clear about this.
Comments
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If you're buying for investment then why not buy gold which is VAT free? Even better gold coins are also CGT free
3 -
yes you would like the vat amount if you paid vat
1 -
You could try buying "second hand" silver coins - they are sometimes advertised as VAT free.
1
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