[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 13 KB, 221x225, s-l225.jpg [View same] [iqdb] [saucenao] [google]
12512524 No.12512524 [Reply] [Original]

brainlet here

Why if 1oz silver = £12 does 1oz silver britan ia coin cost £19?

Buying a britainia coin means I dont pay Capital Gains Tax in the UK. So surely this is the most cost effective way to buy silver?

Because if I buy a 1 kg silver ingot then ill have to pay capital gains tax at 20% or something on any value increase right so its not worth it - right?

>> No.12512544

>>12512524
Depends on how much silver you sell. You can have up to 11k capital gains per financial year, tax free.

>> No.12512590

>>12512544
maybe ill get an ingot then....


ok thanks bru

>> No.12512603
File: 425 KB, 680x614, Screen Shot 2019-01-21 at 22.56.56.png [View same] [iqdb] [saucenao] [google]
12512603

also does anyone here buy copper ingots? or is that retarded?

>> No.12512869

>>12512524
Because the supply is penuts. Buy while you still can.

>> No.12513001
File: 73 KB, 1200x885, IMG_2743.jpg [View same] [iqdb] [saucenao] [google]
12513001

>>12512524
because like with everything else they like to fuck us over when we spend our already taxed income by adding VAT to silver purchases here.

Gold isn't charged VAT...... yet

You can get silver from a few places in the EU that are on legacy VAT rules, got mine from Belgium the other week - Estonia is another country if you're buying a lot to outweigh shipping.

I'd personally pay shipping too even if its more just so someone else other than the Government gets my money.

Capital gains allowance will probably not be an issue on bars, you get roughly £11k allowance a year when realised (increase in wealth not total value)

>> No.12513032

Protip: if you buy in U.K. it is only cost effective to buy 5 oz coins or less. That is where VAT, shipping and airtight containers together equal the savings you would get buying vat free from EU with added shipping costs.