The silver Britannia is a silver bullion coin containing one troy ounce of pure silver, with a diameter of 38.61mm.
As with gold Britannias, these silver bullion coins are British legal tender and are therefore exempt from Capital Gains Tax (CGT). This means that when selling your coins, you do not have to pay tax on any profit made. However, silver bullion products differ from gold in that they are liable to VAT in the UK. Consequently, despite costing less than gold, investing in silver Britannias is not quite as tax-efficient as investing in the gold version.
Investing in Silver Britannias
The 1oz silver Britannia tends to be a popular choice with individuals who wish to spread the cost of their investment over a larger quantity of smaller value units, offering them a higher level of flexibility when selling their coins. Although VAT on silver means that investors pay more above the spot price per coin than with gold, this cost is offset by the enormous flexibility offered by purchasing lower value units.
Investing in silver bullion allows individuals to store part of their wealth in a tangible commodity with a proven ability to maintain a high value. Silver is a valuable and extremely useful metal; whose value has the potential to increase as more is discovered about its importance.
Gold.co.uk stocks silver Britannias for sale at low premiums above spot price, with insured next day delivery available at a small cost, offering you a quick, convenient, and secure way of investing in gold and silver bullion.