Bars

Bump

Bump 

Lets get this rollin!

Bump

2 hours ago, SheepStacker said:

Is that £125 for the pair, or just for one?

for single

15 hours ago, Paul said:

Nationwide made me jump through hoops buying my last five sovereign for £2650 the other month - first time this has ever happened to me in 100s of purchases/sales - i thought nationwide were the good guys, evidently not  

Bummer, good thing ive opeend another account. 

1 hour ago, KRO said:

got. a couple of half sucked ones you can have😀

Brilliant, was about to put a wanted ad out in the sales forum.

Bump

£450 + post

Bt only 

Not in pristine calculation, but still a premium coin.

BUMP

Any update on this @Stacktastic.

Would like to get into this myself.

Bump

Bump

I'll take the full

Ill take it!

If the 2022 full sovereign is a jubilee I'll take it please!

I'll take 2!

660

11 hours ago, sixgun said:

There are clearly some members on TSF who are traders. They are always buying and selling. Some will turn over £100's of thousands a year. It is not for me to suggest who any of them might be.
Then there is the rest of us. We sell bits and pieces - we might buy a few coins, sell a few coins - chop and change our collection. Now i am not in either group as i haven't sold any of my own coins here - whenever i have sold i have sold on behalf of someone else, a friend or relative. This is not me subtly suggesting i always post that before a sale so that no-one could accuse me of selling coins, it happens to be the truth but it might be something for people to think about. Selling on behalf of wives, brothers, sisters, children, friends, the school lollypop lady (if they still exist) - i mean you could potentially sell for lots of people.
You are selling your personal possessions - your coins and bars. They are like children to me and sometimes they feel more valuable. 

Your personal possessions are chattels - they are not goods - they are not property relating to commerce - they are personal property and hence defined as chattels. HMRC likes to maneuver you into commerce - they like to tax you accordingly. i have covered chattels before on the forum b/c there seem to be many members who imagine they are in commerce when they are not.

https://www.gov.uk/government/publications/chattels-and-capital-gains-tax-hs293-self-assessment-helpsheet/chattels-and-capital-gains-tax-2021-hs293

Guidance Chattels and Capital Gains Tax 2021 (HS293) Updated 6 April 2023

This is from 2021 but updated this year.

What does it say?

What are chattels? - 'The word ‘chattel’ is a legal term meaning an item of tangible, movable property – something you can both touch and move. Your personal possessions will normally be chattels.'

Well my coins and bars belong to me - they are my personal possessions and i can touch them as long as i wear cotton gloves. 

Reading down the page it says: 'You only need to include in your tax return any gain on the disposal of a chattel where the disposal proceeds were more than £6,000 and the chattel is not exempt from Capital Gains Tax. '

So you don't mention coins exempt from CGT - and i will assume every coin you sell is exempt - i mean let's be real who would know anyway.
And you only need to declare a gain if the proceeds were more than £6,000. This £6,000 they talk about isn't per year, so i must assume it is per completed sale - the page reads like that. 

Now there is more detail on the page but i think i can probably stop there not having seen many sales on the TSF over £6,000.

There it is - you are not in a trade, this is a hobby and you are selling your personal possessions and none of the completed sales were for more than £6,000, so who cares what the gain on that might have been. So now you can forget about all the CGT clap trap and carry on stacking and then rearranging your stack. 

So i suggest all tax residents in the UK take a look at chattels and arrange their hobby accordingly. i have coins and bars - which are of course all UK legal tender, i have spoons and forks, candle sticks, and other household items - i have jewellery - never get asked about jewellery even at the airport. Stay diversified. Know that you are sovereign. Come back to tell me i am wrong if you think so. i'm still not going to declared any of my treasure - but as i say i never sell any of mine and it is mine and i'm not a slave.

My man!

BUMP

Both still available 

Bump