by Change MiramarGold taxation in France
When you buy, investment gold is exempt from VAT. When you sell, you choose between two tax regimes: that choice, and the invoice that makes it possible, is what makes the difference.
When buying: no VAT
Coins and bars that meet the European definition of investment gold are exempt from VAT. For a coin: struck after 1800, a fineness of at least 900 ‰, having been legal tender in its country of origin, and sold at a price no more than 80 % above the value of the gold it contains. For a bar: a fineness of at least 995 ‰. All the products in our Gold catalogue meet these criteria. You therefore pay the price shown, with no tax on top.
When selling: a choice of two regimes
| Regime | What is taxed | Rate |
|---|---|---|
| Flat-rate tax on precious metals | The total sale price, even if you make no gain | 11,5 % |
| Tax on the actual capital gain | The difference between the sale price and the purchase price | 36,2 %, less an allowance of 5 % per year from the 3rd year onwards, with full exemption after 22 years |
The flat-rate tax applies by default. The capital gains regime is only available if you can prove the date and price of purchase: an invoice in your name, or coins received through an inheritance or a gift with a dated deed. Without proof, only the flat-rate tax applies.
Flat-rate tax: 740 × 11,5 % = 85,10 €.
Actual capital gain: a gain of 140 €, a 30 % allowance (6 years beyond the 2nd × 5 %), a taxable base of 98 €, tax of 98 × 36,2 % = 35,48 €.
Here, the capital gains regime costs almost half as much. If you sold at a loss, the actual capital gains regime would mean no tax at all, whereas the flat-rate tax would still apply.
Why you should keep the invoice
A dated invoice in your name is the only document that gives you the choice of the more favourable regime. Keep it with your coins, and remember to hand it over with them if you give them as a gift. All our online sales generate an invoice in your name, which you can download from the order tracking page.
- No VAT on purchases across our entire Gold catalogue.
- On resale: 11,5 % of the price by default, or 36,2 % of the gain with an allowance if you have the invoice.
- After 22 years of ownership with an invoice, no tax at all.
This information is general, up to date as of the date shown, and does not constitute tax or investment advice. For your personal situation, please consult a tax adviser or the tax authorities.