Müssen Sie Ihr Gold bei den Steuerbehörden angeben?

According to the French tax authorities, income tax is a tax levied on all types of household income. This includes salaries, financial income, real estate income, etc.

However, the sale of gold is not included in the calculation of taxable income for individuals. It is therefore not necessary to mention this type of sale on your income tax return.

Although you do not pay more income tax when selling gold, you are still subject to taxation at the time of the transaction. Depending on the situation, you will either have to pay the flat-rate tax on precious metals or you will have the choice between this tax and capital gains tax, the conditions and operation of which are very different. This legal and tax framework applies to all gold sales taking place in France, but also in other European Union countries.

As with the purchase and sale of coins or silver bars, you must pay the flat-rate tax on precious metals (TFMP) when selling physical gold. This applies to gold coins and bars, as well as precious jewelry worth more than €5,000.

If you are planning to sell your gold investment items, you should be aware that you will have to pay the TFMP, which amounts to 11.5% of the resale price. For jewelry or collectibles, the rate is 6%. In addition, there is always the CRDS amount, which is 0.5%.

To declare your sale, you must complete form 2091-SD and send it to the tax office within one month of the sale, accompanied by the corresponding amount.

Capital gains tax

If you have certain documents relating to the items for sale, you can opt for capital gains tax rather than the flat-rate tax. You must have the dated purchase invoice and proof of the amount paid at the time of purchase, and your gold bars or coins must be sealed. You will also need to fill out a form within one month of the sale: form No. 2092-SD.

The amount payable is calculated on the capital gain on the sale (the difference between the purchase price and the sale price), at a rate of 36.2%. If you do not make any profit on the transaction, you do not have to pay anything. It is also important to note that this tax decreases over time (5% reduction per year from the third year of ownership) and that you are exempt from paying it after the 22nd year of ownership. It may therefore be wise to hold on to your gold investment items for several years in order to owe less money to the tax authorities when you resell them.

The steps required to declare the sale of gold can sometimes discourage individuals. However, it is important to note that when you use a specialized agency based in France, where it is subject to VAT, the agency is responsible for paying the taxes. In other words, when you sell, you pay the amount corresponding to the tax to the professional buyer acting as an intermediary, who will then be responsible for paying it to the tax authorities.

By choosing Gold Union to sell your gold, you are relieving yourself of an administrative burden. You can also be sure that the declaration will be made in accordance with current tax regulations and you will have nothing to worry about. You can also trust us to purchase investment gold in the form of certified gold bars and gold coins.