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Can my LTD buy Gold ?

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    Can my LTD buy Gold ?

    Can my LTD buy Gold ?

    As I was looking to personally starting buying Gold coins as an investment for myself I was wondering if my Ltd company could also buy Gold or Gold coins as Company assets ? Pros and cons ?

    As Gold coins have no VAT or CGT

    Ideas anyone ?

    #2
    I don't see why not... whether it's a good time to buy gold is another question...

    QB.

    Comment


      #3
      Originally posted by Number9 View Post
      Can my LTD buy Gold ?

      As I was looking to personally starting buying Gold coins as an investment for myself I was wondering if my Ltd company could also buy Gold or Gold coins as Company assets ? Pros and cons ?

      As Gold coins have no VAT or CGT

      Ideas anyone ?
      Yes. Simplest way is to do it through an online broker (TD Waterhouse do accounts for ltdcos) and buy a gold ETF. But will be liable for CGT when you sell I think.

      As an aside if I were doing this now I would be buying oil not gold.

      Comment


        #4
        Originally posted by m__rfield View Post
        Yes. Simplest way is to do it through an online broker (TD Waterhouse do accounts for ltdcos) and buy a gold ETF. But will be liable for CGT when you sell I think.

        As an aside if I were doing this now I would be buying oil not gold.
        It is British gold coins that don't attract CGT. So even, say, Krugerrands would have CGT (if they knew about them).

        BTW aside from the 1980 peak, gold has tended to be stable in real terms, rather than a speculative commodity, so the question is, will it become a commodity again? In a way, if you have to ask that question, the answer is Yes. That was the mother of all peaks, and if you had bought it in 1980 you'd still be smarting.
        Last edited by expat; 9 December 2008, 08:55.

        Comment


          #5
          Originally posted by expat View Post
          It is British gold coins that don't attract CGT. So even, say, Krugerrands would have CGT (if they knew about them).

          .
          I think you mean VAT

          tim

          Comment


            #6
            Originally posted by tim123 View Post
            I think you mean VAT

            tim
            No, I mean CGT. British coins do not attract CGT, others do, which is what I was saying.

            VAT, since you mention it, is not normally due on collectors' coins from any country.

            Comment


              #7
              Check the articles of association for your limited company. You may need to change them. Most AoAs are written to allow to buy property, invest, buy shares and other companies.
              "A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell

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                #8
                I thought companies paid Corporation Tax on profits not CGT

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