No VAT on Gold – Buy Gold, Silver, Platinum Bars, Coins for UK Investors – The Canadian Advantage
The no VAT on gold for those investors storing in Canadian vaults makes Canada even more attractive. In a period when national economies have been compromised by debt and loose regulations, it is prudent to consider the business conditions of the country where your bullion is purchased and stored.
BMG proudly operates in Canada.
Canada’s advantage is that it is a country widely regarded as a safe-haven with a global reputation for fiscal responsibility, sound government, tolerance, and a respect for personal liberties.
Canada’s six top major charter banks are ranked as some of the most stable in the world.
In a world of finite resources, Canada is a natural resource-based economy, thanks to the country’s vast supply of wheat, oil, lumber, minerals and water.
Strong Democracy and Multiculturalism
Toronto, the corporate home of BMG, holds the honourable distinction of being one of the world’s most multicultural cities, with the majority of Torontonians claiming their ethnic origin from England.
No VAT on Gold, Silver, Platinum Bullion Bars, Coins
While gold is typically exempt from sales tax such as VAT, most European Union countries including the UK charge VAT on silver and platinum purchases. Canada, however, does not impose any upfront sales tax on gold, silver and platinum purchases. As a result investors in VAT jurisdictions can purchase and store silver and platinum coins and bullion in Canada without being subject to VAT or any Canadian sales tax. In addition, Canada does not impose any withholding tax on capital gains on foreign held precious metals. Capital gains are payable in the country of residence according to applicable laws.
No VAT on gold when buying and storing in Canada – Contact us to learn more!