CGT-Free Gold, Silver & Platinum Coins | Royal Mint Bullion

Are Royal Mint Bullion Coins Exempt from CGT? 

Yes. All bullion coins produced by The Royal Mint — across gold, silver and platinum — are exempt from Capital Gains Tax for UK residents. This exemption applies by virtue of their status as legal British currency, and covers the full range of Royal Mint bullion coins without exception. 

This stands in stark contrast to most other investment assets. Paintings, antiques, most shares and any property other than someone's main residence are all liable for CGT on any profit generated above the annual tax-free allowance. Royal Mint bullion coins carry no such liability. 

Does the Exemption Apply Regardless of How Much I Invest? 

Yes. Royal Mint bullion coins are never subject to CGT, regardless of the quantity purchased or the total value of the investment. 

Whether you are acquiring a single coin or building a substantial long-term holding, the CGT exemption applies in full. 

There is no threshold above which the exemption ceases to apply. This makes Royal Mint coins particularly attractive to investors seeking to store significant levels of wealth in precious metals over the long term, as well as to those who wish to realise their investment at a later date without triggering a tax liability. 

Are Other Bullion Products Subject to CGT? 

Yes. CGT applies to all gold, silver and platinum coins NOT produced by The Royal Mint, as they do NOT carry UK legal tender status.

All gold and silver bullion bars are also subject to CGT, regardless of the mint or refinery of origin. 

If tax efficiency is a priority, Royal Mint bullion coins — across all three metals — are the only bullion products that offer full CGT exemption for UK investors. 

Does the Precious Metal Price Affect My CGT Position? 

For Royal Mint bullion coins, price movements in gold, silver or platinum have no bearing on your CGT position whatsoever. 

All Royal Mint coins remain wholly exempt from Capital Gains Tax under all market conditions, irrespective of how much the metal has appreciated in value since purchase. For other bullion products — such as bars or non-Royal Mint coins — the picture is different. 

An investor selling a bar bought several years ago at a lower price may realise a substantial gain, which could become liable for CGT once it exceeds the annual tax-free allowance. 

That risk is compounded if other asset sales in the same tax year have already absorbed part of the allowance.