if you made enough profit to keep yourself under the cgt threshold last day of the tax year and then made enough profit to keep yourself under the threshold the very next day would the tax man see that as avoiding tax and charge you anyway?
@@daviniarobbins9298 To add, being in business as a limited company - I am legally allowed to change where my tax year ends for tax reasons if it is more beneficial - I don't do it because it is a complete pain to do so for me.
The black back ground works better but maybe flat black matte card or even paint a part of the desk top. The textured surface reflects the light and detracts slightly.
Ill figure out the best way, I am not painting my desk but I might buy some card - the issue with it atm is its too thick - I need a black surface that is thinner.
As far as I'm aware the British and Silver coins the Royal Mint produces only carry CGT relief is because they are still classed as legal tender and you cant add CGT on legal tender coins...
To be fair I think gold is pretty safe for the moment. The biggest and easiest pots of money for them the rob from is the pension pots and again it's these that are most populated by the richer of the population...
As a dealer thats what i pay these days (but I do have professional costs associated with dealing). In terms of how people can buy under spot it can be done at auction :)
I don't think it should be a case of making the decision binary. I think different assets work in tandem and I am not talking about in terms of spreading risk either. An ISA is very important because you can cashflow assets tax free and gold is very important because you can bet on currency depreciation and take away counterparty risk. If you really want you could fill the ISA and use the dividends to buy gold.
Have you considered some black felt….its thin and matt effect + soft on the coins😊. Re CGT it’s typical but won’t stop me getting pre ‘33 indian heads….I love em👍🏻
@shaunoliver1703 The current situation is not sustainable. We are £3 trillion in debt, Gilt rates are rising , every fiat currency always returns to its intrinsic value.
@@chrisjones1796 Yes but that doesnt mean it will get rebased - personally I see a situation where gold units get smaller from official mints. In a scenario where they rebase - they would have to rebase and buy from the public. We are not the East as individuals we don't have the quantities for it to be worthwhile as its not even low hanging fruit for them to do so. It would be far easier for them to do a bail in and take from peoples accounts. Again I don't think that is a scenario either.
Informative message/thoughts regarding tax and VAT - and some nice coins. Thanks and a good weekend 🙂
Thanks, you too!
CGT won't apply to most of us unless you bought 10 100g gold bars 20 years ago and sold them all now then you would have to pay it.
Agreed thats why I said if you collect then collect what you like :)
if you made enough profit to keep yourself under the cgt threshold last day of the tax year and then made enough profit to keep yourself under the threshold the very next day would the tax man see that as avoiding tax and charge you anyway?
@@daviniarobbins9298 No, thats just the rules of the game being played
@@daviniarobbins9298 To add, being in business as a limited company - I am legally allowed to change where my tax year ends for tax reasons if it is more beneficial - I don't do it because it is a complete pain to do so for me.
The black back ground works better but maybe flat black matte card or even paint a part of the desk top. The textured surface reflects the light and detracts slightly.
Ill figure out the best way, I am not painting my desk but I might buy some card - the issue with it atm is its too thick - I need a black surface that is thinner.
As far as I'm aware the British and Silver coins the Royal Mint produces only carry CGT relief is because they are still classed as legal tender and you cant add CGT on legal tender coins...
Yes - This is my understanding also
To be fair I think gold is pretty safe for the moment. The biggest and easiest pots of money for them the rob from is the pension pots and again it's these that are most populated by the richer of the population...
Whare can you buy gold under spot price
As a dealer thats what i pay these days (but I do have professional costs associated with dealing). In terms of how people can buy under spot it can be done at auction :)
I would be disappointed, if you, of all people, didn't drink gold blend.
It is indeed goldblend! I couldnt remember because when I said nescafe I was thinking of the red lid and it didnt feel right in my head..
Nescafe Alta Rica is awesome, Shaun do you prefer an isa to a gold stack?
I don't think it should be a case of making the decision binary. I think different assets work in tandem and I am not talking about in terms of spreading risk either. An ISA is very important because you can cashflow assets tax free and gold is very important because you can bet on currency depreciation and take away counterparty risk. If you really want you could fill the ISA and use the dividends to buy gold.
Just pay cash for gold .dont tell any 1
Not feasible for me or most people.
Just picked up 1911 and 1915 sovs 3% under melt they are nice 👍
Cant complain at that!
It will be a stealth tax they bring in on Gold like IPT on Insurance. Investors will be immune or some other shenanigans.
Also some form of shenanigans
What is your isa invested in?
I like high dividend payers - I am in tobacco, insurance and also royalty companies :)
Shaun do you have an online shop or something where we can see what you've got in currently? Cheers luke
Sadly not - I don't get enough in. People just email me or message on facebook - Its not effective to have a shop :)
Hi, where can I buy from you?
Send me an email - shaun@backthemetal.com. Sadly I don't have any stock as its all been sold but I have things come in most weeks :)
Have you considered some black felt….its thin and matt effect + soft on the coins😊.
Re CGT it’s typical but won’t stop me getting pre ‘33 indian heads….I love em👍🏻
Ill see what I can get my hands on - I am also a fan of the pre 33
Interesting information on taxes from the United Kingdom.
Sometimes the videos are not relevant to everyone sadly - I think i am trying to balance it between valuing the UK and bringing the goodies.
@@shaunoliver1703if the Democrat gets elected she enforcing a CGT on everything worth value.
❤
Thanks for the support.
All the more reason to stick with sovs & gold Brits. Heaven help the Royal Mint if they tax either of those. It would destroy them.
Cant see it personally
Where can I find you on Facebook?
under my name - if need be the email is on the side
If you were going to revalue Gold 20 x or 40 x to back the currency you would want C.G.T on it.
I cant see it myself
@shaunoliver1703 The current situation is not sustainable. We are £3 trillion in debt, Gilt rates are rising , every fiat currency always returns to its intrinsic value.
@@chrisjones1796 Yes but that doesnt mean it will get rebased - personally I see a situation where gold units get smaller from official mints. In a scenario where they rebase - they would have to rebase and buy from the public. We are not the East as individuals we don't have the quantities for it to be worthwhile as its not even low hanging fruit for them to do so. It would be far easier for them to do a bail in and take from peoples accounts. Again I don't think that is a scenario either.