- How to Buy?
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- Gold Investment Guide
- Why buy gold?
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- Gold vs Silver
- Gold - Silver Ratio explained
- VAT on bullion
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- Top 5 Gold Investments
- Top 5 Silver Investments
- Gold vs ISAs
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- Coin Shops
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- Gold Britannia vs Sovereign
- Britannia coin designs
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- Royal Mint bullion
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How To Buy Gold
The ultimate guide to investing in GoldRead Investment Guide
Tax-free investments
All investors set out with the intent of making the most of their money, and tax can be one of the quickest ways of seeing an investment’s value plummet. Whether through income earned, or the sale of an asset, tax can see your money taken away. A tax-free investment is one of the easiest ways to make money, and British gold coins are one of the best tax-free investments out there.
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Tax-Free investments UK
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Income tax, stamp duty, VAT, and Capital Gains Tax (CGT) are some of the biggest reasons an investment doesn’t earn as much as it could. Many landlords for example, are caught out when they realise they’re required to pay tax on rental income, and the property itself when sold. Read more about
gold versus a buy-to-let property
investment.
One of the tax-free investment vehicles that is regularly mentioned is an ISA – of which there are numerous variations. The ISA is indeed tax-free, but the returns are regularly low enough to be outstripped by inflation, meaning in real terms your money could even be worth less than when you started. View our gold vs ISAs page for more information on why investing in an ISA could end up costing you money.
Pension schemes are also tax-free in many cases, but once again offer low returns, and come with restrictions on when the money can be taken out. Withdrawing investment money from a pension, before the agreed age, often incurs strict penalties.
Gold is the ultimate tax-free investment, with returns much higher than other tax-free investments in the UK. Excluding tax benefits, there are a number of reasons gold makes a good investment; read our gold investment guide for more information about why you should buy gold.
Although no one can be sure what will happen to the price of gold in the future, the return on investment for previous years is impressive, as shown below.
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Investment gold has been VAT-free since 2000. For investors this a great way to start off an investment venture. A £10,000 gold investment, if subject to VAT would cost £12,000 (due to the current VAT rate of 20%). Fortunately, this is not the case and all £10,000 could be put towards the purchase.
Gold coins made by the Royal Mint are also CGT exempt, learn more about why gold coins are exempt from CGT. This means that gold coins also give you the maximum possible profits when sold. With the high returns gold has historically achieved, especially in long-term investments, CGT would be of particular concern to many investors if applicable.
If you’re looking for tax-free investments look no further than UK gold coins, such as the examples below. BullionByPost is the UK’s number one online bullion dealer, and over 20,000 customers are happy to recommend us.
1oz Gold Britannia Best Value 24ct
from £1,395
Buy2019 Royal Mint 1oz Year of the Pig Gold Coin
from £1,492
BuyGold Sovereign Best Value Gold Coin
from £326.80
Buy