Capital Gain's Tax reducing to £6,000 in April 2023 and then £3,000 in April 2024

You know with Capital Gain's Tax reducing to £6,000 in April 2023 and then £3,000 in April 2024, a lot of us precious metal collectors will be forced to buy more Royal Mint coins to avoid CGT problems.

As most of you guys know, the quality control at The Royal Mint isn't the best, so how will you be handling the CGT changes?

I never had to worry about the £12,300 limit, but with gains in stocks & shares and price of precious metals looking positive, I think most of us will hit the £3,000 mark from 2024 onwards.

Yep, I seen the news, Bad thing for myself who has most of my bullion physically vaulted and has to pay not only the upkeep / insurance, but to declare CGT on a yearly basis. Yikes... I am not looking forward to a larger bill.

Possibility that could only be a dozen ounces of silver or one ounce of gold come April 2024.  You also have to wonder if this is due to the control structure knowing there is going to be flight out of the paper and crypto markets and they are about to lose their grip on the metals so have changed the rules to give themselves an earner. Are the UK coins still exempt?

Rod Panhard wrote:Are the UK coins still exempt?

Yes, Royal Mint coins are exempt due to their status as legal British currency:

https://www.royalmint.com/gold-price/capital-gains-tax-on-investments/