joejet

i have to do the ToR1 anyway so if i can get the platinum into the uk under this scheme I save the 20% VAT hey I could convert all my cash to platinum get it to the UK and sell it a year later and make 20% with no change in the market, but that’s not my plan. I can change to Gold here but I really want the platinum long term, Yes i am also holding gold and silver but the silver is going it’s too heavy to travel with and if i put it in the shipping container it’s just a pain with insurance, not like it’s hard to buy back in the UK. Imhave not seen any articles that totally trash platinum, yes cars are using less but I have read some white papers form the chemical industry calling for more platinum for production benefits. thanks

Well firstly I also hold gold but platinum has a lot of long term industrial applications in fuel cell electric vehicles I believe in 10+ years it will outpace Gold.

Yes but the 10k is a family limit, well if we fly together. Anyway I can declare over 10k in cash its easy its just the fact it's worth a lot more, not really worth the risk

I think with the cost and reliability of the Postal system from here I would be better training a homing pigeon :)

I guess I could dress up wear a top hat and pretend I am some super rich 1800’s gent and only use them as cash. It iwould be a huge risk though. I am swapping the coins to Britannia’s as they do have £100 fave value and more importantly are Capital Gains Tax except. J

Thanks Lawrence I will send them a letter and see what they say, if they say no I guess I could liquidate here and repurchase via you. I am going to have swap out for Britannia’s anyway. Will come back here once i get an answer.

Thanks I have seen that just wondering if anyone else has done this, as I am potentially saving the VAT on Platinum so if it works it’s a once in a lifetime chance to save the 20% From what I can see anything under this relief has to be owned 6 months before leaving and not sold for 12 months after. I have been holding Platinum for a few years now and don’t intend to sell unless I really need it.

Hi I have lived overseas for over 7 years (caribbean)and have been investing in Platinum, I currently have a mix of coins and bars and have spoken to my dealer here about swapping (paying a small premium) all my non uk products to uk royal mint platinum Britannia’s (I want to swap them for the CGT relieve in the future) I plan to move back after next april 2022 so everything I own will be over 6 months old at least. Does anyone have experience of flying in with approx 100oz I will be applying for a transfer of residence relief TOR1 but will I have to pay any duty or VAT? I believe they are allowed as a personal personal possession as long as they are over 6 months. (i also have some gold and silver but I might sell off the silver as it’s bulky) I have all the documentation to prove where the money came form and how it was earned just worried about the duty side of things. I also will be traveling with some watches and jewelry again all over 6 months old any issues with these ? Thanks J