What you need to pay taxes wen buying and selling gold coins?
I was told that companies like Monex not report when you buy / sell gold coins, but to report the purchase of bullion. Is this legal and is this true? To clarify, the point I am making is that if the currencies of the purchase will not have to pay tax on capital gains if there is a benefit, while the bar has to pay capital gains on profits. I was wondering if anyone can verify this.
You only pay tax if you sell them for more than you paid.
Coin Collecting : Buying Gold Coins
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