Investment gold and VAT
Investment gold is not subject to VAT, and that covers gold bars and coins bought in the UK. Whether something counts as investment gold depends on its legal definition, not just on whether it contains gold, so always ask about the product in front of you.
UK legal tender and Capital Gains Tax
Capital Gains Tax does not apply to British legal-tender currency. A coin made by The Royal Mint with a face value can therefore be free of CGT for UK residents. Foreign coins, bars and other collectables should not be assumed to qualify.
Silver and graded coins
Physical silver is generally subject to UK VAT. Being free of Capital Gains Tax, where that applies, does not make something free of VAT. Grading does not create a tax advantage either. The product and the sale decide the position.
Check before you act
This is general information, and we cannot advise on your own tax position. Rules change, and outcomes depend on circumstances. Look at HMRC guidance and speak to a qualified tax adviser before relying on any particular treatment.
