Call +44 203 695 78 87 to speak to a Gold Specialist


Navigating Capital Gains Tax Changes:
What You Need to Know

In the ever-shifting landscape of financial planning, staying informed about tax changes is crucial for securing your financial future and safeguarding your assets. The recent decision by the UK government
to reduce the capital gains tax allowance threshold has far-reaching implications, particularly for those relying on dividend income, retirees, and individuals with valuable non-essential assets.

Capital Gains Tax (CGT) Unveiled:

CGT is a levy imposed on the profit realized from the disposal of assets, taxing the gain exceeding the personal allowance. The recent budgetary decision in 2022 dictates a significant reduction in the capital gains tax allowance threshold, shrinking from £12,600 to £6,000 in April 2023 and further halving to £3,000 in 2024. This move is poised to impact individuals in various financial situations, especially retirees relying on dividend income and those possessing second properties, investments,
or valuable non-essential assets.

Understanding CGT Rates:

For assets outside the personal allowance, individuals in the basic
income tax band face a 10% tax on their gains, rising to 18% for
gains involving residential property. Higher and additional rate
taxpayers encounter a 20% tax on gains, escalating to 28% for
gains related to residential property.

What is Capital
Gains Tax?

CGT is a tax on the profit made on the disposal of assets. The gain realised more than the personal allowance is taxed. For instance, if a property is bought for £200,000 and sold later for £350,000, the
realised gain is £150,000.

Individuals in the basic income tax band pay 10% on their gains and 18% on gains realised with a residential property. Higher and additional rate tax payers pay 20% on gains and 28% on residential property.

The Exception: British Legal Tender Coins:

Amidst these changes, certain coins remain exempt from CGT, providing a strategic avenue for wealth preservation. Coins classified as British Legal Tender, such as gold and silver Britannia’s and gold Sovereigns, are exempt from CGT, despite their market value surpassing their face value. This unique exemption ensures that any gains realised from the sale of these coins can be legally excluded from your CGT calculation.

GoldCap's CGT-Free Coins:

Enter a realm of financial resilience with GoldCap's Capital Gains Tax-free coins, a savvy strategy especially pertinent in the wake of impending tax changes. Many of GoldCap’s coins, in addition to being VAT-free, offer a CGT-free status, allowing you to sell or pass on your assets without incurring any tax liabilities. As the CGT landscape undergoes transformation, securing your wealth with these tax-efficient assets becomes more crucial than ever.

Download Our GoldCap Guide

Discover the benefits of gold and silver with GoldCap

By clicking Submit you're confirming that you agree with our Terms and Conditions.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.


Find answers to frequently asked questions about our products and services.

What are your products?

Our products include a wide range of precious gold and silver coins, as well as other precious metal products. We offer various sizes and designs to suit different preferences and budgets.

How to buy?

To purchase our products, simply browse our online catalogue, select the items you want, and proceed to checkout. We offer secure payment options and reliable shipping services.

Are discounts available?

Yes, we occasionally offer discounts and promotions on selected products. Make sure to subscribe to our newsletter to stay updated on our latest offers.

What is the return policy?

We have a hassle-free return policy. If you are not satisfied with your purchase, you can return it within 30 days for a full refund or exchange.

Is my information secure?

Yes, we take the security of your personal information seriously. We use industry-standard encryption and secure protocols to protect your data.