If your living in the uk buy gold sovereign coins as you dont pay any capital gains tax on them when you come to sell
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If your living in the uk buy gold sovereign coins as you dont pay any capital gains tax on them when you come to sell
@gdwcoins Great advice. Welcome to the blog, please give me a follow and resteem.
Thanks for the advice. Buying gold coins seems easy, but when it comes to selling in the UK what are the best options. Lots of conflicting info online when I took a look after this post.
@chaomos That's a really good question. Here in the states it's a easy as walking into the pawn shop and trading for cash. Not even paperwork to fill out. I will say if there were high tariffs or taxes I would still buy because you can sell it privately.
I have done some more digging since. It seems a lot of shopping around is needed, but that either I would need to sell in shops that are dedicated to buying and selling coins/bullion or using online sites that will buy any gold at often very competitive prices (they provide you with a secure envelope that is insured for the contents).
No concerns with selling gold coins as they seem to be free of any capital gains tax, oddly this does not apply to silver coins.