What Are the Tax Implications of Investing in Gold?

[You]

The tax regulations surrounding gold investments can vary depending on your country of residence. It is essential to consult with a tax professional to understand the specific tax implications specific to your situation.

In some jurisdictions, gains from the sale of gold may be subject to capital gains tax. However, there may also be exceptions or preferential tax treatments for certain types of gold investments, such as gold coins minted by the government.

 

[Springtime]

I just buy physical gold coins and keep them in my bank's safe deposit box. I may buy some gold jewelry once in a while. When the price of gold goes up, I may sell some gold coins. There are no taxes on either buying or the selling of gold coins/bars for personal use in Hong Kong.

 

[eldavis]

I really have little to no idea about this aspect, but with what i have heard, they usually ask for a lot of tax from does investing in gold, especially when it is in an international market.

 

[Bisolami]

I really have little to no idea about this aspect, but with what i have heard, they usually ask for a lot of tax from does investing in gold, especially when it is in an international market.

And some people in other countries always believe that they are not paying the tax but I mostly tell them that they are paying the tax indirectly through the people from countries that pays tax on gold investment