Taxation of precious metals
- Taxation of precious metals
Precious metals are subject to taxation in most countries, because of their high economic value. In most countries capital gains tax applies when precious metals are sold for profit, but in many countries also value added tax applies for some but not all precious metals.
In the European Union the trading of recognised gold coins and bullion products is VAT exempt, but no such allowance is given to silver.
References
ee also
* Diamonds as an investment
* Gold as an investment
* Palladium as an investment
* Platinum as an investment
* Precious metal
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