Home page

They Changed The Rules | Capital Gains Tax (CGT) | Could More Changes Be Coming?

Frames They Changed The Rules | Capital Gains Tax (CGT) | Could More Changes Be Coming?

Description They Changed The Rules | Capital Gains Tax (CGT) | Could More Changes Be Coming?

Comments They Changed The Rules | Capital Gains Tax (CGT) | Could More Changes Be Coming?

Why would you tell the government how much profit you're making? How are they gonna know? Stop self snitching Comment from : ShadowKitten

Cgt on bullion is ridiculous in my opinion, because overall your not actually profiting or very much Precious metals rise in value with inflation so the amount you spent on the metal say ten years ago is roughly the same buying power you’ll have ten years later even though it’s worth more That’s the reason for holding them to preserve money Comment from : GhøśtBøy

Keep the poor trying to make it poor Thats what they did Comment from : Final

Thanks for the explanationbrDoes the duration of ownership have any effect? Eg I make a £1,000 purchase in the year 2020 and sell it in 2030 for £21,000? I guess that's £20,000 profit at the point of sale, and not a profit of £2,000 per year?brbrAlso, don't HMRC only require the keeping of records for six years? How would the purchase price be proven if I held the silver for ten years? Comment from : Inclusive Driving

Our currency is worth less now, so you have to give us money In a nutshell Comment from : clange50

I will sell my silver in Utah no capital gains tax there Comment from : Daniel Bull Runner Lamb

Continuous theft & double dipping from the moment they took us off the gold standard Scandalous Comment from : L T

There's not really a big profit there though when you factor in inflation and the way governments devalue currencies That's an example of the money illusion For example I had bought three 1oz gold Britannias in 2003 for £240 a piece, and sold them in 2011 for £1150 each, but factor in various things over 8 years (especially the devaluation of the pound against the US dollar in 2009) and the profit I got in 2011 was not around 400 Comment from : marius offing

You can see where these changes are goingbrIf you use your 'bread' soak to up bullion assets, over time, with reducing thresholds, the government want a share of your store of valuebrIf there are free of CGT products available that would be the way to go Comment from : harryzero 156

3k per person or 12k? Bit dont understand Comment from : likeris subruknem

Lots of freedom lovers here Comment from : Oatmeal

You say you wouldn’t buy direct from Royal Mint Where would you suggest? Thanks Comment from : Social Media

Tbh I have always stuck to royal mint coins (for gold at least) i ha e one 25g bar which was a gift For silver I do 50/50 RM coins and other silver Comment from : Michael Devlin

Always bought Britannia's as they are CGT free Comment from : m anwer

Seems like an attack on buyers of gold bars Comment from : MGTOW CHAMPION

Great vid thanks Comment from : KGgg

Screw the tax man every legal way any time you can Comment from : Greg Dent

i only buy coins Comment from : Jock Mahon

What a good way to put people off from holding precious metalsI wonder why the government might want to do that?🤔 Currency/credit reset, gold backed currency Comment from : Home Grown Metals

Tbf, if I ever make that much profit SOLELY from precious metal, Hell, I'll happily pay a bit of tax from it, especially considering 90 of my collection is R M bullion coins 🤔 Comment from : Ross Ironworks

You don't like the British legends series!? :( Comment from : SGTAngel

The IRS in the US recently announced similar cuts to their dividend allowance, down from something like $12,000 to $600!brThe UK may be in some sort of lockstep with the US, but at least they aren't so rapacious! Comment from : Gavin James

Looks over at my stack of Perth mint goldbrbr"I'm in danger" Comment from : Solachesis

Reducing CGT is the first step increasing Capital gains rate to match income tax rates so doubling it is next Comment from : Semi Numismatic Guy

CGT will also be matching income tax so doubling to 20 and 40 Again an obvious move that most people missed Comment from : Semi Numismatic Guy

I have been saying this for years on your channel and was always poo pooed by various people Everyone said "CGT won't affect me" Very naive, they have threatened to reduce CGT allowance for years it was inevitable Comment from : Semi Numismatic Guy

Our government won't stop take take take while giving less and less and less We simply can't afford the tories anymore! Comment from : Bob Digi

So miss the group orders Comment from : Womble Stacker

Interesting Comment from : crystal sheep

My stack is nearly 75 foreign in Silver (the complete opposite with Gold - 75 Brit) I don't plan on selling until I retire, and I will liquidate them living outside the UK Comment from : Gunnar Gundersen

Fantastic video thanks Will VAT be added to gold possibly? TIA Comment from : Cannonball

Won't this just push royal mint coins up in price? Comment from : Daniel I

I've avoided any bullion bars since 2012 once I'd grasped capital gains tax consequnces Even foreign coins (USA, Canada, Australia, etc) would be affected, so kept numbers down to a few choice numismatics Comment from : John Lee

I just had a thought, does this also apply to coins minted for other countries with the monarch's effigy on? So say if I have twenty 1oz Maple Leaf coins, will they be CGT free in the UK if sold here? Same question the other way around, are Britannia's CGT free in Canada/Australia/New Zealand? I'm sure there are even more coins from other minor countries with the monarch's effigy on that are possibly CGT free as well Comment from : slightlytwistedagain

There's a real revolution brewing on both sides of the pondTaxes are Theft Comment from : Silverbar14u

When citizens have to do illegal things to keep up with the illegal thefts of the elites all is lost Comment from : InspClouseau

Thanks for the informative vid byb Definately food for thought in the future and just adds more reason for adjusting my stacking towards royal mint gold in 2023but still some silver Just going to keep ducking and diving and finding the bargains that are out there if patient Think loads of people who jumped on the hype train when the Queen died will be dumping and selling in 2023 so more royal mint bargains to be had 😁More concerned about the 23 fuel duty increase they sneaked in from march next year Shout out to all the fellow ramblers 👍 Comment from : secret stacker

I think this is a move to devalue gold and silver, make it harder to move and thus push money towards central bank digital currency Comment from : Jimbo Moosio

? If a US citizen was to order directly from the Royal mint, would you still have to pay the VAT if it ships to the US?🤔🤔 Comment from : Richard Metcalf

Two things in life death and taxes? Nah, death and a nurse!! Comment from : tallthinkev

👍 Comment from : Noicue

Great vid makes me keep in mind what could happen here in canada Comment from : William Davis

Slowly sale for cash in the future and no traceability Comment from : sebastian J

Informative and useful BYB - cheersbrUnless I've misunderstood your explanation of how CG tax will work when applied to precious metals, I can't see it being an issue for many people I suppose the big players out there who stack bullion that's not except, they'll have to decide either to sell a portion of their stack in order to remain under the £12k p/a profit level or be prepared to cough up on the excess That's the sort of first world problem I'd love to have! ;-) Comment from : Tim Wilcox

Governments are greedy creatures who use its average people to feed upon They seem to want all that we work hard for, they don't really care if we survive or not as long as we will support their corruption Comment from : John Bethea

Thanks for your eagle eyed update - I completely missed this one! Comment from : Planetzogg

The government is not entitled to any profits I may makebrI paid cash for all of my silver, so there are no records of my purchases Comment from : Racer X

Seems a predictable move on the UK’s part I like your strategy In the United States, I think the attack will come at the local coin shop level in regard to reporting requirements Comment from : Louies Silver

I guess the other question is whether this will affect relative premiums of exempt vs non-exempt bullion in the UK secondary market Comment from : Jamie Taylor

It's always nice to remember that the rule's/laws are not set in stone Thanks for the heads up Comment from : Dane Hudson

I think "permanently" might suggest no intention to adjust the threshold for inflation on an ongoing basis Comment from : Jamie Taylor

No, it’s a prime example of why I don’t live in the UK Comment from : AggiePhil

If they don’t know brbrbrI can say I lost all the time Comment from : Coz III

A 145min ramble Comment from : Joseph Jones

1st 👍 view&comment Comment from : Joseph Jones

Related They Changed The Rules | Capital Gains Tax (CGT) | Could More Changes Be Coming? videos

Slash UK Capital Gains Tax (CGT) Using Trusts - Gifts to children РѕС‚ : UK Property Tax Accountants Download Full Episodes | The Most Watched videos of all time

Reliance Capital?reliance capital share latest news?reliance capital latest news?r capital share РѕС‚ : Stock Market Share Download Full Episodes | The Most Watched videos of all time

Tax Planning, Tax avoidance, Tax Evasion, tax planning u0026 Management, Taxation Laws, Income Tax РѕС‚ : DWIVEDI GUIDANCE Download Full Episodes | The Most Watched videos of all time

Gold u0026 Silver American Eagles coins - Do you have a Pay Capital Gains Tax when you sell? РѕС‚ : Silver Wolverine Download Full Episodes | The Most Watched videos of all time

Avoid Capital Gains Tax on Real Estate LEGALLY РѕС‚ : Bin Chen - Real Estate Simplified Download Full Episodes | The Most Watched videos of all time

Do I Have To Pay Capital Gains Tax On An Inherited Property? РѕС‚ : Sell My San Antonio House Download Full Episodes | The Most Watched videos of all time

Capital Market Explained | Types of Capital Market and its Instruments | Capital Market kya hoti hai РѕС‚ : Paper Tyari Download Full Episodes | The Most Watched videos of all time

Garena DDTank:Combo 2000 Tốc Độ Sẽ Kinh Khủng Như Thế Nào?Best Cướp Turn Cân Team Lật Kèo РѕС‚ : Review Game N.B.H Download Full Episodes | The Most Watched videos of all time

Is Gold Taxable? The Truth About Capital Gains Taxes РѕС‚ : 2 is 1 Download Full Episodes | The Most Watched videos of all time

How to Minimize Inheritance, Estate u0026 Capital Gains Taxes РѕС‚ : Bethel Law Download Full Episodes | The Most Watched videos of all time