Capital Gains Tax is paid on any profit you make if you dispose of, give away, or sell something of value. This tax includes all investments you’ve made into gold, as well as property or shares. You have a standard tax-free allowance of up to £12,300 per annum on CGT (correct in 2020-21), which means the majority of smaller bullion investors will never hit this upper limit.
UK legal tender coins are the exception to this rule and do not count towards your CGT allowance. If you’re unsure whether you will owe CGT on your investments, speak with an accountant directly.
– Buy 1oz Gold Britannia Coins –
