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Where Taxpayers and Advisers Meet

Silver Britannias

progers2
Posts:1
Joined:Tue Dec 22, 2009 7:24 pm
Silver Britannias

Postby progers2 » Mon Jan 11, 2021 5:55 pm

I have some Silver Britannia coins. The beauty of them is that as currency they are valued at face value for CGT and not as an ounce of silver. This means they are not subject to CGT.

What I am not sure about - though - is how they are to be valued a for IHT. Is it the same as for CGT or different?

bd6759
Posts:3462
Joined:Sat Feb 01, 2014 3:26 pm

Re: Silver Britannias

Postby bd6759 » Tue Jan 12, 2021 12:26 am

They are not valued at face value for CGT. It’s just that the gain is exempt.
You cannot reduce the value of your estate for IHT by buying gold or silver coins. if you convert half a million in cash into silver, you still have half a million.


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