Frequently asked questions

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 allowance 12,300 £ (HMRC.)

All coins produced by the Royal Mint that qualify as British legal currency are exempt from Capital Gains Tax.

See our selection here.

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!

Bullions can typically be divided into 2 categories: bars and coins. 

One very common question people come up with prior to their purchase is which products should they choose. We will try to help you a bit. There are three important things to keep in mind when choosing the right product.

These are:

1. the lowest price per gram,
2. the traceability of the product globally,
3. the different sizes and values of the product.

In general, the largest products have the lowest margins. So, it’s recommended to buy a larger amount of gold once than a small amount of gold often. Meaning, that we recommend buying a 10g Gold Bullion Bar once, rather than 1g Gold Bullions ten times. 

Following products have the lowest price per gram. They are among the most reputable products that are accepted internationally by banks, private individuals or other gold traders:

• 100-gram Valcambi gold bar (these coins are produced by our partner Valcambi SA)
• 50-gram Valcambi Gold Bullion Bar 
• 1oz South African Krugerrand Gold Coin
• 1oz Austrian Vienna Philharmonic Gold Coin
• 1oz Australian Kangaroo Gold Coin

Now you might have an answer to your question about which and how our gold and silver products should be chosen.

There are several reasons why purchase physical gold and silver bullions. Most people buy precious metals to possess a financial asset that never loses its value. For this reason, gold and silver have been used as currency by many civilizations. Gold, for example, has been valued by different cultures around the world for over 5000 years. Gold has been used for multiple purposes and not only as a payment instrument. A big amount of the gold in use today is being carried around by people as jewellery. There is gold even in the device you are reading this text from.
Furthermore, purchasing gold and/or silver can be a hedging tool against crises. This is because gold price moves differently than, for example, bonds or stocks.

One of Tavex’s core values is to make purchasing precious metals approachable to a wider public. This requires the products to have a low margin to make bullion viable products.

Tavex Gold Limited in the United Kingdom is part of the Tavex Group, which operates in 11 Nordic and European countries. The Group is Northern Europe’s largest dealer of precious metals.

We partner directly with globally established gold and silver bullion producers. We have a direct supply chain with Valcambi, PAMP, the Royal Mint,  Münze Österreich and Perth Mint to name a few. Omitting the middlemen allows us to pass the savings on to our customers. 

See our selection of gold and silver bullion.

There is no VAT 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 tavex@tavexbullion.co.uk.