Regulations relating to the gold market

Gold sellers have a wide choice of buying establishments. Gold counters, jewelry stores or certain banking networks can buy back your gold. The sale will result in State taxation, governed by the tax code, which can take the form of:

• A tax on capital gains: the rate is 36.2%. However, from the third year, you benefit from a reduction of 5% per year. Exemption is possible from the 22th year. You must then prove the date of acquisition of the product to benefit from it;
• A flat-rate tax: the rate is then 11%. You will also pay 0.5% CRDS because the sale concerns precious metals. The public finance center can help you complete the Cerfa 2091.

It is therefore entirely possible to sell your gold tax-free, provided you hold the gold coins, jewelry or the gold ingots for several years.

Gold professionals will ask you for several supporting documents to validate the gold purchase transaction:

• Proof of identity: different international nations are fighting against money laundering and receiving stolen goods. To do this, you must provide proof of identity. The tax administration may request the lifting of anonymity in the event of an audit;
• Document proving possession: an invoice, certificate or any other document. This is particularly the case when requesting exemption from capital gains tax;
• A contract signed by the selling and purchasing parties: in the event of withdrawal, the seller may request restitution or a sum equal to twice the value of the item sold, if the buyer does not have it no longer in his possession;
• No cash payments can be accepted.

As a seller, you must:

• Give your identity;
• Pay taxes and charges relating to the sale of gold, via your professional buyer.

The buyer must, for his part, guarantee:

• Total confidentiality: it can be lifted during an inspection by State services;
• Ensure payment of the seller's taxes;
• Keep a police book up to date: traceability of purchased gold.

Gold Union offers to buy back your gold coins and bars at the best price on the market. Our experts estimate your items and make you a buy-back offer. Contact the nearest Gold Union agency or our advisors now via our e-commerce site to find out the terms and conditions.