Tax, VAT & CGT

VAT, CGT and Taxes

Silver is subject to VAT at current UK vat rates, if you are VAT registered and think you may be able to claim your VAT back, then we advise you speak to your Accountant.

We do offer VAT FREE silver on selected products, however it is not the most cost effective way to buy silver for delivery. If you are happy to have it stored with us then it might be the option for you. You can find out more here.

We do not offer investment or tax advice and recommend that you conduct your own independent research before making any investment decisions.

Investment grade Gold is VAT Free.

The EU Gold Directive of 2000 means that buying investment-grade gold bullion for investment is stamp-duty free and tax free (VAT exempt) in the UK and EU.

Capital Gains Tax is exempt on all British legal currency. This includes gold Britannia coins , silver Britannia coins and gold Sovereigns . Meaning, you can make an unlimited tax free profit on investments of any size and value on all these British legal currency bullion coins. CGT is payable on all other gold and silver coins which do not fall into the category and all gold and silver bullion bars are taxable.

More information can be found on the Governments public sector website, please click on the following link

https://www.gov.uk/government/publications/vat-notice-70121-gold/vat-notice-70121-gold

Note:

Precious metal prices can be volatile, and the value of your metal may go down as well as up. No responsibility can be accepted by Cardiff Gold Limited for any loss caused by acting on information we have provided.