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BackyardBullion

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  • Posts

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  • Days Won

    115
  • Trading Feedback

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  • Country

    United Kingdom

Reputation Activity

  1. Like
    BackyardBullion got a reaction from PeteUK1960 in New to Gold and worried   
    Welcome to the forum!
    So, the following is not formal financial advice - but how I understand CGT
    Capital gains tax is only payable if you make a capital gains profit over the yearly threshold of about £12,300 (I forget the exact number) per person per year. If you make £15,300 profit on an item you have to declare it to HMRC and you will pay tax on the profit over the allowance, in this example that would be £3000 tax.
    If you are married you can also use your partner's allowance in a tax year too making a total of £24,600
    So, unless your gold bars earn more than that in a given year you won't even have to declare anything and you won't have to pay any taxes.
    Gold UK coins that are £ denominated are exempt from calculations, so you can ignore them.
    Hope that helps!
    Hold your gold for a long time, if you can afford it and you will be just fine.
  2. Like
    BackyardBullion got a reaction from Rll1288 in 1 oz Silver Forum Bars (2021) - Officially Released!   
    Anybody with a 2020 edition gets first refusal at the same number. If they haven't confirmed by the end of May then those numbers go for allocation and purchase by people on the waiting list.
    What we do is take payment from everyone on the waiting list and then open a first come first served basis thread to allocate all remaining serial numbers for people.
  3. Super Thanks
    BackyardBullion reacted to SilverApples in 1 oz Silver Forum Bars (2021) - Officially Released!   
    I'd be grateful to be added to the waiting list - and delighted should I be lucky enough to receive one
  4. Super Thanks
    BackyardBullion reacted to Ranks1970 in 1 oz Silver Forum Bars (2021) - Officially Released!   
    Hi BYB could I get one please can’t remember what number I got last year 👍🏿
  5. Super Thanks
    BackyardBullion reacted to ShineyMagpie in 1 oz Silver Forum Bars (2021) - Officially Released!   
    Hi BYB if I could take my numbers from previous years please, I just need to confirm what they are.
  6. Super Thanks
    BackyardBullion reacted to Norman in 1 oz Silver Forum Bars (2021) - Officially Released!   
    Please put me on the waiting list, thanks
  7. Super Thanks
    BackyardBullion reacted to Connor in 1 oz Silver Forum Bars (2021) - Officially Released!   
    Be very careful with this. If you haven't seen a doctor I strongly suggest you do. You should really be getting the circulation in your lower limb checked and an MRI. Can cause a lot of complications that aren't instantly noticeable 
  8. Super Thanks
    BackyardBullion reacted to Nugget in 1 oz Silver Forum Bars (2021) - Officially Released!   
    Wish you a speedy recovery BYB 
    Long ago I dislocated my shoulder in a Thai boxing fight.  Hurt like hell.  I didn't seek medical advice (bar the paramedic on site) and it took over 9 months to heal correctly (young and carefree 🙄).
    So echo the above, as mine would just pop out at random times prior to seeking the advice of specialists.  Touchwood no issues for circa 20 years.
  9. Super Thanks
    BackyardBullion reacted to Elliefran in 1 oz Silver Forum Bars (2021) - Officially Released!   
    Please can I be added to the waiting list
  10. Super Thanks
    BackyardBullion reacted to mustynewb in 1 oz Silver Forum Bars (2021) - Officially Released!   
    I'll take my number (141) again please
  11. Thanks
    BackyardBullion got a reaction from easyonthebrain in 1 oz Silver Forum Bars (2021) - Officially Released!   
    Thanks everyone, I appreciate the continued support.
    I am trying to work through all the messages and waiting list enquiries as best as I can.
    That has not been helped by a pretty nasty accident I had today, who knew dislocating ones knee would be so bloody awful.
    It popped back in on its own after a few minutes, but not very pleasant at all.
    I'm all good, just sore, stiff and pretty slow to move around so my original plan was to get the first batch posted to people tomorrow, that is now going to have to wait until Monday next week, thank you all for your patience and support!
    Will be replying to messages/enquiries more tomorrow, for now it's drugs and a sofa for me!
  12. Super Thanks
    BackyardBullion reacted to Savoose in 1 oz Silver Forum Bars (2021) - Officially Released!   
    Would love to be on your waiting list for your 2021 1 oz silver bar
  13. Like
    BackyardBullion got a reaction from GameOverDude in 1 oz Silver Forum Bars (2021) - Officially Released!   
    Thanks everyone, I appreciate the continued support.
    I am trying to work through all the messages and waiting list enquiries as best as I can.
    That has not been helped by a pretty nasty accident I had today, who knew dislocating ones knee would be so bloody awful.
    It popped back in on its own after a few minutes, but not very pleasant at all.
    I'm all good, just sore, stiff and pretty slow to move around so my original plan was to get the first batch posted to people tomorrow, that is now going to have to wait until Monday next week, thank you all for your patience and support!
    Will be replying to messages/enquiries more tomorrow, for now it's drugs and a sofa for me!
  14. Sad
    BackyardBullion got a reaction from Chorlton in New to Gold and worried   
    Oh yeah, sorry I worded that wrong, probably the painkillers I'm on tonight for my dislocated Knee 😉
    I forget the rates but it is based on what tax bracket you are in.
  15. Like
    BackyardBullion got a reaction from Tn21 in New to Gold and worried   
    One thing I will add, I have always thought that if you ever get to be in a position to have to worry about and pay capital gains tax then you are in a really good position and there are worse things to be worried about in life!
  16. Like
    BackyardBullion got a reaction from stefffana in 1 oz Silver Forum Bars (2021) - Officially Released!   
    Thanks everyone, I appreciate the continued support.
    I am trying to work through all the messages and waiting list enquiries as best as I can.
    That has not been helped by a pretty nasty accident I had today, who knew dislocating ones knee would be so bloody awful.
    It popped back in on its own after a few minutes, but not very pleasant at all.
    I'm all good, just sore, stiff and pretty slow to move around so my original plan was to get the first batch posted to people tomorrow, that is now going to have to wait until Monday next week, thank you all for your patience and support!
    Will be replying to messages/enquiries more tomorrow, for now it's drugs and a sofa for me!
  17. Like
    BackyardBullion got a reaction from Rll1288 in New to Gold and worried   
    Welcome to the forum!
    So, the following is not formal financial advice - but how I understand CGT
    Capital gains tax is only payable if you make a capital gains profit over the yearly threshold of about £12,300 (I forget the exact number) per person per year. If you make £15,300 profit on an item you have to declare it to HMRC and you will pay tax on the profit over the allowance, in this example that would be £3000 tax.
    If you are married you can also use your partner's allowance in a tax year too making a total of £24,600
    So, unless your gold bars earn more than that in a given year you won't even have to declare anything and you won't have to pay any taxes.
    Gold UK coins that are £ denominated are exempt from calculations, so you can ignore them.
    Hope that helps!
    Hold your gold for a long time, if you can afford it and you will be just fine.
  18. Haha
    BackyardBullion got a reaction from Gordy in New to Gold and worried   
    One thing I will add, I have always thought that if you ever get to be in a position to have to worry about and pay capital gains tax then you are in a really good position and there are worse things to be worried about in life!
  19. Haha
    BackyardBullion got a reaction from Rll1288 in New to Gold and worried   
    One thing I will add, I have always thought that if you ever get to be in a position to have to worry about and pay capital gains tax then you are in a really good position and there are worse things to be worried about in life!
  20. Like
    BackyardBullion got a reaction from TringSilver in New to Gold and worried   
    Oh yeah, sorry I worded that wrong, probably the painkillers I'm on tonight for my dislocated Knee 😉
    I forget the rates but it is based on what tax bracket you are in.
  21. Like
    BackyardBullion got a reaction from AR03 in New to Gold and worried   
    One thing I will add, I have always thought that if you ever get to be in a position to have to worry about and pay capital gains tax then you are in a really good position and there are worse things to be worried about in life!
  22. Like
    BackyardBullion got a reaction from misterchippie in 1 oz Silver Forum Bars (2021) - Officially Released!   
    Thanks everyone, I appreciate the continued support.
    I am trying to work through all the messages and waiting list enquiries as best as I can.
    That has not been helped by a pretty nasty accident I had today, who knew dislocating ones knee would be so bloody awful.
    It popped back in on its own after a few minutes, but not very pleasant at all.
    I'm all good, just sore, stiff and pretty slow to move around so my original plan was to get the first batch posted to people tomorrow, that is now going to have to wait until Monday next week, thank you all for your patience and support!
    Will be replying to messages/enquiries more tomorrow, for now it's drugs and a sofa for me!
  23. Thanks
    BackyardBullion got a reaction from kena in 1 oz Silver Forum Bars (2021) - Officially Released!   
    Thanks everyone, I appreciate the continued support.
    I am trying to work through all the messages and waiting list enquiries as best as I can.
    That has not been helped by a pretty nasty accident I had today, who knew dislocating ones knee would be so bloody awful.
    It popped back in on its own after a few minutes, but not very pleasant at all.
    I'm all good, just sore, stiff and pretty slow to move around so my original plan was to get the first batch posted to people tomorrow, that is now going to have to wait until Monday next week, thank you all for your patience and support!
    Will be replying to messages/enquiries more tomorrow, for now it's drugs and a sofa for me!
  24. Like
    BackyardBullion got a reaction from mikeRubio in 1 oz Silver Forum Bars (2021) - Officially Released!   
    Thanks everyone, I appreciate the continued support.
    I am trying to work through all the messages and waiting list enquiries as best as I can.
    That has not been helped by a pretty nasty accident I had today, who knew dislocating ones knee would be so bloody awful.
    It popped back in on its own after a few minutes, but not very pleasant at all.
    I'm all good, just sore, stiff and pretty slow to move around so my original plan was to get the first batch posted to people tomorrow, that is now going to have to wait until Monday next week, thank you all for your patience and support!
    Will be replying to messages/enquiries more tomorrow, for now it's drugs and a sofa for me!
  25. Like
    BackyardBullion got a reaction from rlingford in 1 oz Silver Forum Bars (2021) - Officially Released!   
    Thanks everyone, I appreciate the continued support.
    I am trying to work through all the messages and waiting list enquiries as best as I can.
    That has not been helped by a pretty nasty accident I had today, who knew dislocating ones knee would be so bloody awful.
    It popped back in on its own after a few minutes, but not very pleasant at all.
    I'm all good, just sore, stiff and pretty slow to move around so my original plan was to get the first batch posted to people tomorrow, that is now going to have to wait until Monday next week, thank you all for your patience and support!
    Will be replying to messages/enquiries more tomorrow, for now it's drugs and a sofa for me!
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