Taxation of Gold and Silver in European Union’s countries

Whether you are investing in gold or silver, the tax applied on your investment will be very different depending on your country of residence. As an investor, it is necessary that you know the applied taxation (VAT, taxes on capital gains, wealth, etc …). Orobel offers in this article the different tax systems applied in the country on precious metals gold and silver.

Country

Gold

Silver

  Notes
PurchaseSellingPurchaseSelling

FRANCE

None10,5 % tax on precious metals20 % tax10,5 % on precious metalsPrecious metals enter in the declaration of ISF.
Tax PV: abatement of 5% per year from the third year of ownership. However, to qualify, we must be able to produce a receipt showing the price and date of acquisition. After 22 years of detention, there is a total exemption from tax  
34,5 % tax on added value34,5 % on added value

BELGIUM

NoneNoneNone21 % VAT 

SWISS

NoneNone8 % VATNonePrecious metals enter in the declaration of ISF. 

ITALY

None

For companies : 6 % tax on added value.

For private investors : 12,5 % tax on added value.

21 % VAT

For companies : 6 % tax on added value.

For private investors : 12,5 % tax on added value.

 

UNITED KINGDOM

None18 % tax on added value (Capital Gains Tax)17,5 % VAT18 % tax on added value (Capital Gains Tax) CGT applies only
on bullion and coins
who does not legally courses

IRELAND

 None25 % tax on added value (Capital Gains Tax)21 % VAT25 % tax on added value (Capital Gains Tax) 

SPAIN

 None20 % tax on added value16 % VATNone  Rate can softly change from a region to another.

GERMANY

 None None

19 % VAT for bullions

7 % VAT for coins

None  

CANADA

 None

Capital Gains Tax :
50% allowance since the 1st year of ownership. The 50% remaining will have to be included in the income tax form.

None Capital Gains Tax :
50% allowance since the 1st year of ownership. The 50% remaining will have to be included in the income tax form.
 More infos ont the Canada Revenue Agency’s website.

UNITED STATES

None28 % Capital Gains Tax  None 28 % Capital Gains Tax Gold and Silver are considered as « collectibles » > Plus d’infos

 

 

Read also : Invest in gold with Orobel. 

 


  

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