Quote from: markj113 on July 28, 2015, 04:08:59 PM

Quote from: EurGold on July 28, 2015, 03:38:06 PM

Quote from: markj113 on July 28, 2015, 02:54:00 PM

Quote from: EurGold on July 28, 2015, 02:27:40 PM

Mighty fine collection you have there! how long have you been collecting gold?

About 1 1/2 years now.

Was buying what I liked the look of, e.g old panda's etc, a couple of 100g bars but now have shifted strategy and strictly buying CGT free coins like sovs and Britannias for quick liquidation when the time comes.

I didn't know you must pay CGT on gold?

Well thats a little concerning considering you run a bullion shop and are unaware of how CGT rules apply to UK legal tender coins.

Uk legal tender coins such as Britannias, sovereigns and the UK lunar series are VAT and CGT free. With other bullion products if you exceed your annual gains limit then CGT must be paid on the profit when sold.

If you are selling bullion I also suggest you read up on the £5k / £10k limits too or otherwise your ass will end up in jail for assisting money laundering.

Yeah I personally do not deal with the legal side of the business.