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SilverEagle

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SilverEagle

Re: Stinky_pinky post# 19132

Sunday, 01/06/2013 2:26:11 AM

Sunday, January 06, 2013 2:26:11 AM

Post# of 22255
After doing some DD about the silver market in UK, I found following.

Silver coin (Legal tender) = VAT exempt
Silver coin/bar (non legal tender) = VAT20%
Silver numismatic coin(collector's coin) = VAT5%

*VAT = value added tax, which is equivalent of US sales tax...

Also, in UK, Silver Britannia has a special privilege.
Britannia is CAPITAL GAIN EXEMPT, hence if you live in UK, it's a good idea to stack britannia so you are not liable of the capital gain tax when you sell your silver above $200/oz in near future.

Disclaimer: it's all iMo~

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