Capital Gains Tax on Gold Bullion (2024 Tax Regulations)

This article has been reviewed and updated for 2024.

Do you have to pay Capital Gains Tax on gold bullion? Like anything to do with tax, there is no simple ‘yes’ or ‘no’ answer!

What is Capital Gains Tax?

Capital Gains Tax (CGT) is the tax payable on the gain incurred when you sell an asset.  You do not pay CGT on the total amount you sell the asset for, only the gain made upon sale of the asset is taxable. Examples of where it is typically applied would be the sale of second homes, stocks and businesses.

Also read: What is Gold?

Do I pay CGT on gold bullion?

Please refer to a tax expert for questions regarding gold bullion and CGT. 

Also read: Should I buy gold or silver?

It is also worth remembering that you do not pay VAT on investment gold, it is currently exempt. 

Buy CGT-free gold 

If you are looking to own CGT-free gold in Ireland, please contact a tax adviser for further information. 

How does CGT work?

CGT is taxed at different rates to income tax. But your personal tax rate does determine how much CGT you will pay. 

When investing in gold, how can I reduce my CGT liability?

There are some ways in which you can reduce your CGT liability. Please contact a tax advisor for more information. 

Also Read: How to invest in Gold Coins?

It is your responsibility as an investor to declare any CGT payable. GoldCore is not a tax advisory service and would recommend consulting with a tax expert prior to making any investment decisions based on tax liabilities.