Do you plan to take advantage of the rise in gold prices to resell your parts or jewelry? Good news: in some cases, you will have no tax to pay or declaration to make. Here are the situations where you escape taxation.
The outbreak of the golden price, which flies from record to record since the start of the year, can arouse, among holders of this precious metal, the desire to take all or part of its earnings. The idea of taking the plunge by selling your pieces, ingots or jewelry can however be slowed down by the fear of having to pay taxes: “Given the evolution of the gold price, many holders are currently in a position to collect a capital gain, but say they may have something to pay for the tax administration”notes Jean-François Faure, president of Aucoffre.com.
An exemption up to 5,000 euros for jewelry sales and similar
A subject could not be topical in the middle of a period of income declaration. However, in some cases, the transfer of your precious objects does not give rise to any declaration to the tax services. An exemption which concerns for example gold jewelry, as well as certain pieces which enter the category of “tokens”, that is to say collectors: “This is the case, for example, for Vera Valor parts, or some Napoleon”, explains Jean-François Faure. In this category also enter into legal parts, issued by states, and which can be used as a means of payment.
The price of gold flashes: watch out for taxation if you want to resell it
For all of these golden goods, the taxation is simple: you have no tax to pay provided you do not sell for more than 5,000 euros. In the absence of taxation, you therefore do not have the obligation to declare income from these sales. Note also that this exemption is renewed every 30 days. Also, you can sell your pieces or jewelry belonging to the category of tokens every month at a tax franchise.
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