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Not necessarily true... again it depends on the tax rules that apply to you. In the UK you can buy Gold Britannia coins and Sovereigns which is Capital Gains T
by icu 9y ago
Not necessarily true... again it depends on the tax rules that apply to you. In the UK you can buy Gold Britannia coins and Sovereigns which is Capital Gains Tax (CGT) exempt because of a loophole where British Legal currency (which the gold coins are) is exempt from CGT.
- umanwizard 9y agoWe are talking about US federal taxes, nothing to do with Britain.
- icu 9y agoWell the commenter didn't say they were speaking from a US perspective and I wanted to emphasise that it's not the case for everyone. While HN definitely has a US slant, there are still a great deal of HN readers from around the world that I wouldn't want to be given the wrong impression.