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Live Metal Prices
Metal Ounce Gram
Gold £982.30 £31.58
Silver £11.570 £0.372
Platinum £692.06 £22.25
Palladium £1,069.09 £34.37

Updated 20:04 22/04/19

Capital Gains Tax on Gold


Capital Gains Tax (CGT) is a tax on the profit when you sell or give away an asset that has increased in value. It is applicable to a wide range of assets including a second home, antiques, shares or bullion. Any tax is due when you dispose of them by selling them of giving them away.

Every individual has an annual personal capital gains tax allowance. Any gains released in a single year will go towards your CGT allowance. Profit below the allowance limit are exempt from CGT whilst gains over your allowance will be subject to tax in line with HMRC rates.

Sovereigns minted in 1837 or later years and Britannia gold coins are currency, like all sterling currency these are exempt because of TCGA92/S21 (1) (b), this states that sterling is not an asset for capital gains purposes.

Please note it is the responsibility of the individual investor and not that of to declare any Capital Gains Tax due. Here at, we make records of all transactions made for 7 years, however we do not voluntarily forward any details onto the HMRC unless specifically requested. We advise anyone in unsure to get in contact with an Accountant for full legal advice.



What CGT free bullion can I buy?

Capital Gain Tax is exempt on all British legal currency. Therefore, Gold Britannia coins, Silver Britannia coins and Gold Sovereigns are all CGT free. All profit realised on these investments, regardless of quantity or value, is tax free. Although you may pay a little more for coin bullion compared to bars, if you are considering a sizeable investment then CGT flexibility is a key consideration.


How to avoid paying CGT on gold?

For larger investors concerned about exceeding their annual CGT allowance, there are options available to you that minimise or avoid CGT tax. Many investors choose to invest in smaller unit gold coins or bars, this gives them the added flexibility of being able to sell parts of their bullion over more than one financial year.

For example, if an investor bought £50,000 of gold coins in 2010, these coins were worth £70,000 by 2014. If the investor sold all the coins, they would have to pay tax on the £20,000 profit as it exceeded the £10,900 CGT allowance for 2014. Instead, the investor decides to sell half the coins now and the remaining half in another financial year. This way the investor can minimise the amount of CGT they are charged on the profit released.

Please consider that the gold price is continuously fluctuating; the coins sold at a later date will have a different value and the price will have gone up or down since the investor sold the first half of the coins.