Search results
Results from the WOW.Com Content Network
In most countries capital gains tax applies when precious metals are sold at a profit. Some countries also apply value added tax to precious metals. In the European Union, the trading of recognized gold coins and bullion products is VAT exempt, but no such allowance is given to silver. Elsewhere in Europe though, Norway has exempted both gold ...
"Additionally, you may face state and local taxes, which could bring your total tax rate to as high as 54% — 37.6% in federal income tax, plus 3.8% in net investment income tax, plus 12.3% in ...
The popular SPDR Gold , iShares Gold , and iShares Silver all get treated the same as gold and silver bullion itself, and you'll owe the higher rate on gains. A few solutions
See: What To Do If You Owe Back Taxes to the IRS. 15 Best Places To Get Cash for Gold. ... Consignment stores present another option for selling gold jewelry and gold-inlay housewares. While ...
A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase. Federal Sales Taxes. When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax.
A jewellery store (American English: jewelry store [1]) is a retail business establishment, that specializes in selling (and also buying) jewellery and watches. Jewellery stores provide many services such as repairs, remodeling, restoring, designing and manufacturing pieces.
The London bullion market is an over-the-counter market for wholesale trading of gold and silver. The London Bullion Market Association (LBMA) coordinates activities of its members and other participants in the London bullion market. The LBMA sets and promotes quality standards for gold and silver bullion bars.
Aim to get 90 to 95% of the spot price when selling gold bars or coins, and 70 to 80% of melt value for jewelry and other items. A karat is a unit of measure for the fineness of gold. For example ...