Gold Investment In Australia? - Coin Community Forum

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Author	Replies: 2 / Views: 1,327
kg5 Valued Member Australia 491 Posts	Posted 03/06/2013 10:34 pm Capitol Gains Tax on coins in Australia that are over $500 when sold. How does gold oz go for tax issues in Australia? Gold Sovereigns in Australia & tax? Are they a coin? What is it and how does this "Quote below" relate to tax in Australia? Quote: If you're going to diversify with metals, check out those Valcambi combiBars. It's bullion,divisible and with reasonable premiums. Need some help! kg5 Report this Post to the Staff

sel_69l Bedrock of the Community Australia 21786 Posts	Posted 03/07/2013 06:31 am Bullion does not attract CGT in Australia. The gold mining lobby saw to that when the CGT Bill passed through Parliament. Apparently, they were able to convince the politicians that investing in bullion was analogous to investing in shocks and scares on the shockmarket. Edited by sel_69l 03/07/2013 06:57 am Report this Post to the Staff
kg5 Valued Member Australia 491 Posts	Posted 03/08/2013 04:58 am I now know a combiBar is a block of 50 x 1gm blocks of gold and is designed to break apart evenly. They also come in silver. Cost AU$56 per gm of gold. Fractional gold coin 1/25 oz over $90 Report this Post to the Staff
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