Finances Under Control by Simone Janson

Author:Simone Janson
Language: eng
Format: epub
Publisher: Best of HR - Berufebilder.de®
Published: 2020-11-25T00:00:00+00:00

Physical gold ownership and its special advantages

So what are the specific advantages of physical gold ownership (gold coins and bars) compared to the other classic real assets and shares? First of all, you secure a clear tax advantage with a gold investment. You can buy gold coins and bars free of VAT within the European Union. A big advantage over silver, platinum and palladium. But be careful: some collector coins are not exempt from VAT (I'll come back to this in more detail later). However, if you invest in Krügerrand, Maple Leaf, Philharmoniker, Panda & Co or in bars, then according to the current legal situation, no VAT is due.

Let's say the gold price rises by over 20 percent, and you want to sell your gold bars or coins two years after the purchase. In this case too, the Treasury is left empty-handed. But be careful: If you sell within the first twelve months after the purchase, you must tax the profits if they exceed 600 euros. Shares and other securities (including gold securities) are subject to the flat rate tax regardless of the holding period.

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