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GOLD: UK Investors scramble to buy gold coins
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[quote:Anonymous Coward 918750:MV8xMDgyMDIyXzE3MjE2NTg1X0Y5MUEzQTk3] "loophole to avoid paying more capital gains tax" nice BS, there is no tax on a gold as it's value stays same for thousands years, whats happening is paper going south, good luck buying it :) [/quote]
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link to www.ft.com
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British investors are scrambling to buy sovereigns and Britannia gold coins in an attempt to use a tax loophole to avoid paying more capital gains tax.
Mark O'Byrne, of Gold Core, a London-based gold coins and small bars dealer, said it was selling sovereigns and Britannias "in the thousands"
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