Real money

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PerlOfWisdom replied

3 December 2008, 15:02
Originally posted by expat View Post

Currently gold sovereigns do not attract VAT or CGT, because they are real coin (and perhaps we would be better to use them as such). After we are forced into the Euro, will this still be true?

The reason they don't attract VAT or CGT is so that the law makers invest in them.
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TimberWolf replied

3 December 2008, 13:37
Originally posted by BrilloPad View Post

You sound like a barrister asking "have you stopped beating your wife?".

That's a great example of why sometimes there are no Yes / No answers.
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expat replied

3 December 2008, 13:35
Originally posted by BrilloPad View Post

You sound like a barrister asking "have you stopped beating your wife?".

Or did I miss a news announcement?

Well, have you?
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BrilloPad replied

3 December 2008, 13:34
Originally posted by expat View Post

Currently gold sovereigns do not attract VAT or CGT, because they are real coin (and perhaps we would be better to use them as such). After we are forced into the Euro, will this still be true?

You sound like a barrister asking "have you stopped beating your wife?".

Or did I miss a news announcement?
Leave a comment:
expat started a topic Real money

3 December 2008, 13:32
Real money

Currently gold sovereigns do not attract VAT or CGT, because they are real coin (and perhaps we would be better to use them as such). After we are forced into the Euro, will this still be true?
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