What is Capital Gains Tax?
Capital Gains Tax is a tax applied to the profit you make when selling an asset. In the UK, every individual has an annual Capital Gains Tax allowance (called the Annual Exempt Amount), which is £6,000 for the 2023/24 tax year. Any gains exceeding this threshold are taxed at rates of 10% (basic rate taxpayers) or 20% (higher rate taxpayers).
For gold investments, this means that any profits you make from the sale of gold—such as coins, bars, or bullion—could be subject to Capital Gains Tax if your gains exceed the allowance.
If you buy British gold coins such as the Sovereign or Britannia, your investment is Capital Gains Tax exempt due to their legal tender status. This means you won’t need to pay Capital Gains Tax (Capital Gains Tax) when selling these coins, allowing you to keep all the profits from your investment.
Which Gold Investments are Affected by Capital Gains Tax?
Most physical gold investments, such as gold bars or bullion coins that are not classified as legal tender (unlike British gold coins), are subject to Capital Gains Tax (Capital Gains Tax). This includes popular international gold coins like the South African Krugerrand or the American Eagle. If you are a UK taxpayer and sell these types of gold at a profit, you may need to report the gains to HMRC and pay Capital Gains Tax on any amount above the annual exemption threshold. However, British gold coins like the Gold Sovereign and Gold Britannia are Capital Gains Tax exempt due to their legal tender status, meaning you won’t need to pay Capital Gains Tax on any profits from their sale.
How Can You Avoid Capital Gains Tax on Gold?
Certain gold coins are exempt from Capital Gains Tax because they are considered legal tender in the UK. This includes popular coins such as:
- Gold Sovereigns
- Gold Britannias
These coins are minted by the Royal Mint and carry legal tender status, which exempts them from Capital Gains Tax regardless of the profit you make when selling them. For investors, this makes them particularly attractive, as any gains are completely tax-free.
How can I buy Capital Gains Tax Exempt coins with Hatton Garden Metals?
At Hatton Garden Metals, buying Capital Gains Tax-free coins is simple and transparent. There are no hidden fees or charges on our products, and we offer secure storage for your items, along with free delivery on all orders.
Capital Gains Tax-free or Capital Gains Tax-exempt coins include all gold coins in the Sovereign family, such as the Gold Sovereign, Half Sovereign, and smaller denominations. Additionally, all coins in the Britannia family, including the 1 oz Britannia, half, quarter, and other denominations, are also Capital Gains Tax-exempt.
Easy Steps to Order Capital Gains Tax-Exempt Gold:
- Browse Our Capital Gains Tax Exempt Stock
- Add Gold to Your Basket and Check Out
- Arrange Delivery, Collection, or Secure Storage
At Hatton Garden Metals, we provide 3 months of free secured storage and offer clear, competitive premiums, giving you peace of mind with your investment.
Why Buy Capital Gains Tax-Free Coins?
- No Capital Gains Tax: When you buy Capital Gains Tax-free investment coins, you won’t pay Capital Gains Tax when you sell them, keeping all your profits.
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Best Rates: Hatton Garden Metals offers low premiums when selling investment gold and pays the highest prices when you decide to sell.
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Popular Choice: Capital Gains Tax-free coins, such as the Gold Sovereign and Gold Britannia, are among the most popular options for gold investors. You can sell these coins without paying Capital Gains Tax, allowing you to keep more of your profits.
- Tax Benefits: Capital Gains Tax-free coins offer potential tax savings and help diversify your investment portfolio.
Whether you're looking to buy Capital Gains Tax-free gold coins or gold bars, Hatton Garden Metals provides a trusted service with the lowest premiums on gold bullion.
How Does Capital Gains Tax Impact Buying and Selling Gold?
Capital Gains Tax (Capital Gains Tax) is a tax on the profit you make when selling an asset that has increased in value, which includes gold investments such as bullion and coins. When you sell gold that has appreciated in value, you may be liable to pay Capital Gains Tax on the profit.
However, certain gold investments are exempt from Capital Gains Tax, such as coins classified as legal tender in the UK, including Gold Britannia’s and Capital Gains Tax-exempt Gold Sovereigns. When you sell these types of gold and make a profit, you won’t need to pay Capital Gains Tax.
