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I believe that CGT will drop to £3000 by April 2024 so it is pointless buying Gold Bars when you can buy CGT free UK Legal Tender Coins for a slight premium over Bars.
Yes, to be fair I'd forgotten about that reduction, which I think is £6,000 for 2023/24 and £3,000 from 24/25 onwards.
Although there's obviously some room for manoeuvre for those who do want to buy bars.
I might add that I've never personally bought any gold and have no immediate intention of doing so.
It is interesting that you've mentioned CGT, as that is only payable on profits from certain investments!
I believe that CGT will drop to £3000 by April 2024 so it is pointless buying Gold Bars when you can buy CGT free UK Legal Tender Coins for a slight premium over Bars.
Yes, to be fair I'd forgotten about that reduction, which I think is £6,000 for 2023/24 and £3,000 from 24/25 onwards.
Although there's obviously some room for manoeuvre for those who do want to buy bars.
I might add that I've never personally bought any gold and have no immediate intention of doing so.
It is interesting that you've mentioned CGT, as that is only payable on profits from certain investments!
Like I said upthread financial repression awaits us all as the Government will find it impossible to keep the Ponzi going.
CGT being cut and the income tax threshold being frozen until 2028 is just the start.
To quote Klaus Schwab "You will own nothing and be happy".
I believe that CGT will drop to £3000 by April 2024 so it is pointless buying Gold Bars when you can buy CGT free UK Legal Tender Coins for a slight premium over Bars.
Yes, to be fair I'd forgotten about that reduction, which I think is £6,000 for 2023/24 and £3,000 from 24/25 onwards.
Although there's obviously some room for manoeuvre for those who do want to buy bars.
I might add that I've never personally bought any gold and have no immediate intention of doing so.
It is interesting that you've mentioned CGT, as that is only payable on profits from certain investments!
Like I said upthread financial repression awaits us all as the Government will find it impossible to keep the Ponzi going.
CGT being cut and the income tax threshold being frozen until 2028 is just the start.
To quote Klaus Schwab "You will own nothing and be happy".
I believe that CGT will drop to £3000 by April 2024 so it is pointless buying Gold Bars when you can buy CGT free UK Legal Tender Coins for a slight premium over Bars.
Yes, to be fair I'd forgotten about that reduction, which I think is £6,000 for 2023/24 and £3,000 from 24/25 onwards.
Although there's obviously some room for manoeuvre for those who do want to buy bars.
I might add that I've never personally bought any gold and have no immediate intention of doing so.
It is interesting that you've mentioned CGT, as that is only payable on profits from certain investments!
Like I said upthread financial repression awaits us all as the Government will find it impossible to keep the Ponzi going.
CGT being cut and the income tax threshold being frozen until 2028 is just the start.
To quote Klaus Schwab "You will own nothing and be happy".
I wondered when that was coming!
It sure is!
Meat free15 minute Cities and programmable CBDC's .
Our friend Klaus also says "You vill eat ze bugs".
.