Tax Free Gold Bullion
Gold bullion is a term used to define gold bars and coins that are mass-produced specifically for the investment market. It is a term that is commonly misinterpreted with many people believing that it refers to all coins and bars with others mistaking the term for just bars and ingots. The term comes from the name of the French Minister of Finance who served Louis XIII of France (1610-1643), Claude de Bullion. In general, bullion can only be used to refer to precious metals although some retailers market bullion in base metals such as aluminium, copper and nickel. In the form of bars and coins, bullion offers investors a tax-efficient way to build a smallholding as they are deemed as investment gold by the HMRC and EU (as long as it is manufactured to the millesimal finesse of 0.995) and therefore benefit from being VAT free. Some gold coins are also capital gains tax free, including the Gold Britannia. Image via Flickr.
Anyone who is interested in investing in bullion gold in the UK has two main options - bars or coins. Both have their own benefits and each appeal to investors for different reasons including flexibility and divisibility, value for money and even collectability.
Though most gold coins throughout history have been produced as bullion, the modern standard of production for investment coins means that, though many are legal tender and have a face value, they do not enter circulation. Often minted at the same time as other variations of the same coins such as commemorative and proof coins, bullion coins are valued on their intrinsic gold value. This means that you do not have to pay high premiums for rarity, special finish or packaging. And, when you buy online with Physical Gold, we offer discounts on larger volumes. Gold bullion coins are available in various denominations. Investors seeking the best value should buy larger denominations to obtain the best prices (an example is 1oz). Investors generally seek flexibility and divisibility when they buy gold bullion online. A top-seller for Physical Gold Ltd are gold sovereign coins, these are easy to trade in, popular worldwide and offer future investment potential for collectors too. Older sovereign coins that also have historical value, including coins that pre-date 1933 and encompass the head of monarchs like Edward VII & VIII, George V & VI, Queen Victoria and early Elizabeth, are semi-numismatic gold bullion UK coins. Sovereigns have been used as gold bullion coins dating back many hundreds of years. Image via Wikimedia. It is possible to buy gold bullion UK semi-numismatic coins at a lower cost than their modern equivalents since their condition is often inferior. Though they may have an inherent historical value, unless they are rare or collectible, they can be a good way to create a mix across your portfolio and spread the risk of exposure to the volatility of any changes in market conditions. Physical Gold offers a range of ways to buy gold bullion online including those coins that offer a collectible or historic value in addition to their inherent gold value.
Tax free gold bullionTax free gold bullion investment options vary from the Gold Britannia which is exempt from Capital Gains Tax to the range of sovereign coins. We can even supply overseas bullion coins such as the Chinese Panda or American Eagle, or the popular 1 oz Maple Leaf. And, when you buy online with Physical Gold, we can deliver direct to your door or, for sizeable investments, arrange secure storage in our partner managed high-commodity vaults.
Produced by Swiss manufacture, Metalor, our bullion gold bars are available in a variety of denominations and are supplied with a certificate of authenticity. Printed with a serial number for additional security, these high-quality bars are made to a millesimal finesse of 0.999. Our range starts at the 5g credit card-sized gold bar and ranges up to the 1kg bar. For bars between 5g and 100g, the packaging is sealed with a tamper-proof design to maintain your gold in pristine, mint condition. With secure provenance, these gold bars are easy to trade and offer buyer confidence with their enhanced security and authentication features. Investors looking to buy gold bullion in this form often purchase a mix of sizes to provide some degree of flexibility to their investment. Bullion bars are often a long term investment and can be used to create a base for your gold holding which can include a mix of other precious metals in both bar and coin form.