Test Jump to content
The British Coin Forum - Predecimal.com
  1. British Coin forums

    1. British Coin Related Discussions & Enquiries

      This forum contains general discussion on all elements of British coinage throughout the ages. Enquiries and questions are also welcome. Note the separate sub-forums for Unlisted Varieties, Hammered (pre 1663) and Third Party Grading.

      102.6k
      posts
    2. Coin Publications Forum

      Discussions on Coin Publications/Rotographic. Past, present and future. See also www.coinpublications.com for more info.

      1.7k
      posts
  2. Other Coin related forums

    1. Beginners area

      Start topics and discuss all the pros and cons about your experiences as a new coin collector.

      13.7k
      posts
    2. Free for all

      Start topics/discussions on anything. Popular topics may lead to their own catagories being set up. Please keep the subject coin or at least money related!

      26k
      posts
    3. Decimal Coins

      A forum to start topics on any decimal coins. Please feel free to answer and questions or help where you can.

      4k
      posts
    4. Ancient Coins

      All about ancient coins. Buying them, selling them. Studying them. Ancient Greek, Celtic, Roman Imperial/Rupublic, Byzantine and other issues pre c.500 AD.

      1.5k
      posts
    5. Enquiries about Non British coins

      Post any enquiries about coins that are not British or that you think are not British, here. The experienced collectors usually deal with questions quite quickly.

      4k
      posts
  3. For Sale or Wanted

    1. Items For Sale

      Coins, coin literature and related items for sale by members.

      1
      post
    2. Wanted

      Coins and related items wanted by members.

      1
      post
  4. Nothing whatsoever to do with coins area!

    1. Forum technical help and support

      Post forum related queries here, and please feel free to answer to people or add your own advice/help on a particular aspect of using this forum.

      2.4k
      posts
    2. Nothing whatsoever to do with coins area!

      Everybody needs a break sometimes, even me.

      15.6k
      posts





  • Member Statistics

    • Total Members
      3,190
    • Most Online
      1,962

    Newest Member
    Andybb
    Joined
  • Purchase The Bronze Coinage of Great Britain (1860 - 1970) directly from sister-site Coin Publications:

    Follow this text.

    9780948964848.jpg

  • Current Donation Goals

    • Raised 225.00 GBP
  • Recent Posts

    • I can no longer edit the above post. My sincere apologies but l've made an error.  I've phoned the Royal Mint and they're saying all coins they produce, are CGT exempt, as they are currency. As regards the Victorian stuff, they were less certain. The person l spoke with said of course shillings would be exempt, but then l pointed out that everyone on Google is saying only Crowns and Double Florins are pre-1947 CGT exempt. I was then told to ask the HMRC as this now counts as giving tax advice which the Mint's CS agents aren't allowed to do.
    • They're referring to bullion coins. The coins have a value etched on them, i.e. not rounds. But they're classed as bullion. This would be as opposed to say Proof coins, Piedforts. Wikipedia (https://en.wikipedia.org/wiki/Royal_Mint )  Minting of bullion coins began in 1957 to meet a demand for authentic sovereign coins, which suffered from heavy counterfeiting. [/end quote] I'm really just asking about pre-1947 coins. Still, you're right, it might be worth contacting the Royal Mint evenso.
    • With those statements from the RM, it seems it might be worth contacting them? They put not time limit on the production, so it reads as if all gold and silver coins produced by the Royal Mint, however long ago, are exempt! It would be great if that is the case, but I suspect not.  
    • A sidenote here: Beware re-selling Royal Mint bullion coins online, they are highly sought-after and if a buyer seems fishy (low feedback, strange name e.g. referencing drugs) then cancel, because it will be trouble. The buyer will claim non-delivery, and your online marketplace may cover you but the buyer's bank will refund them your cash anyway, regardless how much evidence you procure. The root problem is delivery drivers acting as buyers, photoing the package inserted into a random letterbox (= the delivery address given) then pulling it back out and pocketting it. That's one reason some retailers give oversized packages at Xmas, as well as compact dense packages being targetted by posties. One defence is to not state which courier you will send with, so that the thieving postie won't know if you'll be using themselves to deliver. But l digress.
    • Hi ok no problem, if no offence meant then none taken. I'm only interested in the matter at hand. We do need to be paying CGT in the UK, on all collectibles that appreciate in value. The exception is the aforementioned, but l'm unsure on the exact parameters. As for decimal, there are even more exceptions, inc. all the Royal Mint CGT free coins:   https://www.royalmint.com/gold-price/capital-gains-tax-on-investments/ QUOTE:  Is CGT Applicable to The Royal Mint’s Coins? Bullion coins from The Royal Mint are exempt from Capital Gains Tax for UK residents due to their status as legal British currency. In fact, all gold, silver and platinum bullion coins produced by The Royal Mint are classed as CGT-free investments; this includes gold and silver Britannia coins, Sovereigns and the popular Queen’s Beasts range. Due to their CGT exemption, investors can make an unlimited tax-free profit on all bullion coins produced by The Royal Mint. This contrasts with the vast majority of other investments and assets, including paintings, antiques, most shares and any property other than someone’s main residence, where the profits on the sale are liable for CGT. What If I Want to Make a High Value Purchase of Bullion Coins? Bullion coins from The Royal Mint are never subject to CGT, regardless of the amount of coins purchased or sold. For this reason, our flagship bullion coin ranges continue to prove extremely popular with investors looking to store significant levels of wealth over the long term, as well as with those individuals seeking to realise their investment when requiring their funds for other means. Are Other Bullion Products Subject to CGT? CGT is chargeable on all gold, silver and platinum coins that are not produced by The Royal Mint as they are not considered to be UK legal tender. Also, all gold and silver bullion bars are also subject to CGT.
  • Most Contributions

    1. Rob
      Rob
      12799
    2. azda
      azda
      11264
    3. Peckris
      Peckris
      9800
    4. Coinery
      Coinery
      8024
  • Tell a friend

    Love The British Coin Forum - Predecimal.com? Tell a friend!
×
×
  • Create New...
Test