Is there a tax on the sale of gold ?

The sale of gold may be taxable under certain conditions. The items sold must meet several criteria. Gold coins are subject to a different tax if they are

• Collector’s pieces;
• Investment gold coins.

For a gold coin to be considered an investment coin, it must:

• Having been drawn after 1800;
• Have had or have legal tender;
• Have been made with at least 90% pure gold;
• The premium of the coin must not be greater than 80%.

Just like bullion coins, gold bars are also subject to taxes. On the other hand, the purchase of gold (coins or bars) is exempt from VAT.

Finally, there are special cases where taxes relating to the sale of gold can be reduced or non-existent:

• The sale of gold in France by non-residents is not taxable;
• Inheritances: in the event of resale linked to an inheritance, part of the capital gains are deductible.

In France, the legal framework is clear. In the event of resale of gold, the law provides for two types of taxes

• The flat-rate tax: its rate is 11.5%. You must pay the tax upon sale;
• Capital gains tax: its rate is 36.2%. From the 3th year, you benefit from a 5% reduction. From 22 years of detention, you are exempt. On the other hand, you must prove during the sale the number of years of ownership (invoices, seals, notary, etc.).

It is the seller who chooses which tax to pay, according to the supporting documents he can provide.

The professional buyer collects the taxes and sends the declaration (Cerfa 2092) to the public finance centers. The company then pays taxes directly to the state. You do not need to take any action on your side.

If the sale is between individuals, the seller must then declare the sale using the document provided for this purpose. He pays the taxes himself to the tax center.

You can sell your gold bars or coins through:

• Gold repurchase professionals;
• Specialized auctions;
• Between individuals.

You can also donate your gold and share it with your family. In this case, the gift must be declared and the allowances provided for inheritances apply.

At Gold Union, we offer to buy back your gold, after valuation. Make an appointment in one of our purchasing agencies or or via our e-commerce site to find out the terms of redemption.: