Do you have to pay tax on your gold investments🤔…
1) VAT - You don’t have to pay VAT because gold is exempt. 💰
2) Capital Gains Tax - You may have to pay CGT when you sell gold if you go over the allowance. The allowance has now changed so you double check what it is at the time of selling. All British Legal tender is CGT-Free for British residents. 🪙
3) Inheritance Tax - It may be applicable depending on how much gold you have declared within your estate. 🏡💸
4) Income Tax - You don’t have to pay! Because it doesn’t create income. It’s not like stocks and shares 😁
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