Tax Free Gold
GoldMadeSimple are specialists in providing capital gains tax free gold bullion and storage services.
Our CGT free coins are supplied by the Royal Mint in the form of gold Sovereigns and gold Britannias which are exempt from Capital Gains Tax (CGT) and VAT in the UK, which can save a huge amount of tax for investors.
Tax Efficient and Secure
A growing number of our clients choose to transfer their gold holdings to GoldMadeSimple from ETF's and gold grams, in order to:-
- minimise counterparty risk
- enable physical access to their gold
- take advantage of capital gains tax ecempt status of sovereigns and Britannias.
Royal Mint 2013 Product Changes Interview
Shane Bissett director of the Royal Mint talks to GoldMadeSimple.com Managing Director Declan Cosgrove about the 2013 product changes, changes to the gold purity of the Britannia and capital gains tax benefits of Gold Britannia and Gold Sovereign coins.
"I originally invested £ 350,000 in an ETF. Within 4 years, the value had increased to £ 800,000 which produced a Capital Gains Tax liability of £ 120,000.
I wanted to move to a more secure gold investment and transferred £ 680,000 to GoldMadeSimple, in order to remove counterparty risk by holding physical gold in a known location, with the option of delivery on demand and also take advantage of their Capital Gains Tax free gold Sovereigns and Britannias.
I was very impressed with the levels of security when I inspected my gold at the independent vault. It is comforting to know that my gold is in my indivdually sealed box inside the vault and that any future increase in the value of my investment, will be exempt from capital gains tax." FN (London)
Discounts for Sovereigns and Britannias
We offer discounted prices for large volume orders of gold Sovereigns and gold Britannias. Our buy gold page displays discounts for packs of coins and we are able to offer further discounts through our bespoke services team, for orders of £ 100,000 or more.
Gold Sovereigns vs ETFs
There is a growing trend in our clients deciding to transfer some funds from Exchange Traded Funds (ETFs) into gold sovereigns and gold Britannias, in order to take advantage of the capital gains tax free status of these specific types of bullion coins.
Although coins generally trade at a higher margin than gold bars, many clients consider the tax benefits of sovereigns and Britannias outweigh this extra margin cost in the long term, especially if they believe that gold will continue to show the significant price increases that have been experienced over the last 10 years.
Tax Free Gold Storage
Working with The Royal Mint and Via Mat International, GoldMadeSimple provides clients with easy access to large quantities of tax exempt gold coins, at low rates, with options for delivery or secure storage and insurance in LBMA approved independent vaults in London and worldwide (including Germany, Switzerland, USA, Hong Kong).
Tax Free Gold HMRC Wording
The relevant extracts from the HM Revenue and Customs (HMRC) website are:-
http://www.hmrc.gov.uk/manuals/cgmanual/cg78308.htm and http://www.hmrc.gov.uk/manuals/cgmanual/CG12602.htm
CG78308 - Foreign currency: coins: legal tender
Sovereigns minted in 1837 and later years and Britannia gold coins are currency but, like all sterling currency, are exempt because of TCGA92/S21 (1)(b).
Independent Financial Advice
We are specialists in providing gold bullion products and storage services and do not give financial advice. Clients should contact an FSA approved independent financial advisor before making any investment decisions.
For the latest prices of our sovereigns select:-
2013 Gold Sovereign Coins 2013 Gold Britannia Coins