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Capital Gains Tax (CGT) is a tax on the profit when you sell something that’s increased in value. This has to be paid from any profit you make that is larger than the yearly allowance of £6,000 (HMRC.)
All coins produced by the Royal Mint that qualify as British legal currency are exempt from Capital Gains Tax.
Tavex is also a wholesaler of precious metals to other retailers. Every contract is tailored only to the individual client. If you are a company that is interested in working as a reseller of Tavex’s products, please contact us via phone or e-mail!
Bullion is typically classified into two categories, namely bars and coins. A common question that people often have before purchasing bullion is which product is the right one for them. To provide some assistance, there are some important factors to consider when choosing the right product: the lowest price per gram, the global traceability of the product, and the different sizes and values of the product.
In general, larger products tend to have lower margins, so it is recommended to buy a larger quantity of gold at once rather than smaller amounts more frequently. For example, it is advisable to purchase a 10g Gold Bullion Bar once instead of 10 x 1g Gold Bullion Bars. That is due to the cost of minting a bar remaining constant, regardless of the gold price. However, what varies is the price of the minting process compared to the current market price of gold. Furthermore, when selling, the price of gold is always a bit under the spot price, therefore, the closer to the spot price you purchase gold the better.
The following products have the lowest price per gram and are among the most reputable products accepted internationally by banks, private individuals, or other gold traders:
100g Valcambi gold bar (produced by our partner Valcambi SA)
By considering these factors and the recommended products listed above, you can make an informed decision about which gold or silver bullion products to choose. Also, let us know if you have any further questions. Our
There is no VAT payable on gold products in the UK or the European Union. All other bullion products are taxable with VAT. For more information call 020 4541 4145 or send us an e-mail to firstname.lastname@example.org.