It is possible for certain businesses to opt to tax the exempt supply of gold in order to recover input VAT incurred in respect of the acquisition of the investment gold. Businesses can only opt to tax supplies of investment gold that are made to another VAT registered business. Businesses that produce their own investment coins can also opt to tax. Supplies of investment coins to non-taxable persons will always be liable to VAT. Unlike the option to tax property, the option to tax investment gold applies to individual transactions and therefore a business may
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Web page updated on 17 Mar 2025 17:04