VAT-free Gold & CGT exemption
We offer VAT-free Gold & Capital Gains Tax (CGT) exemption on all British legal currency such as Britannias, Sovereigns and Lunar Bullion coins. All UK gold bullion coins manufactured by the Royal Mint are legal tender and are exempt from CGT, which is a tax on the profit made when selling or giving away assets such as property and bullion. Even though this tax does not apply for most individual investors due to the investment size, it is important to bear in mind when investing in bullion products. CGT is payable when an individual investor realises assets over £11,000 of profil in one financial year. This limit is purely for the profit made from your original outlay. For more information, please visit the HMRC website by clicking HERE.
Sharps Pixley offers you gold bullion which is free from CGT. We sell 1/10 ounce, 1/2 ounce and 1 ounce Britannias and a selection of Sovereigns which are considered as British legal currency. This means that you have no limit on the profits made when realising your bullion. In short, it gives you the ultimate flexibility as a UK investor. Read more below about the CGT Free coins offered by Sharps Pixley.
The Sovereign was first struck over 500 years ago in 1489, which makes it the oldest coin still minted today. It was produced during the reign of Henry VI and was a symbol of the strength and wealth of the new Tudor dynasty. The Sovereign was revived during the coinage reform of 1816 to restabilise Britain's currency after the economic upheavel of the French Revolutionary wars. During the nineteenth century, the gold Sovereign was a recognised currency in more than 20 countries. A circulating coin, it was struck in 91.67% fine gold to withstand daily use and it is struck from that same durable gold today. The sovereign's quality and purity was carefully safeguarded and such as its prestige and reputation as a model for mass produced accuracy that it became known as the "chief coin of the world". Engraver Benedetto Pistrucci's traditional Saint George & Dragon design of the capitvating tale of good triumphing the evil, still endures today as a design for the Sovereign. This flagship coin is the most tightly specified coin and offers a sense of luxury, history and symbolism that no other coin can match.
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The first one ounce gold bullion coin in Britain was introduced in 1987 as a 22-carat coin, with a face value of £100. The 2015 1 ounce Britannia gold coins provided by Sharps Pixley and issued by the Royal Mint, are now made in 24-carat for the third year in a row and are also issued in fractional sizes of one-half, one-quarter, and one-tenth of a troy ounce, with face values of £50, £25, and £10 respectively. The history of the Britannia is an interesting one. Britannia appeared almost 2,000 years ago on Roman coins, then later on copper halfpennies and farthings of Charles II from 1672. Britannia continued to appear on bronze coins until decimalisation when she appeared on the fifty pence coins. Between 1901 and 1935, Britannia was portrayed standing on British Trade Dollars as well as on the florins of Edward VII from 1902 to 1910. The current design of the standing Britannia was created by the artist Philip Nathan. Her image has symbolized Britain's strength and integrity on coinage since the Roman times. The obverse features Ian Rank-Broadley's portrait of her Majesty Queen Elizabeth II. Today, the Gold Britannias are one of the most popular one ounce gold coin for UK based private investors, and would be a great addition to any bullion collection or investment.
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