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Precious metals like gold and silver offer unique advantages when planning inheritance, especially in minimizing taxes. UK legal tender coins, such as Britannias and Sovereigns, are exempt from Capital Gains Tax (CGT), meaning your family won’t face taxes on their increased value. This allows them to benefit fully from the wealth you've built without unnecessary deductions.
You can also reduce inheritance tax (IHT) by gifting precious metals during your lifetime. Each year, you can gift up to £3,000 per individual without triggering IHT, or £6,000 as a couple. After seven years, these gifts become fully exempt from tax, helping lower your estate's taxable value.
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Finally, precious metals are easy to liquidate, offering your family quick access to funds. Gold and silver’s stability and their strong secondary market ensure that your heirs can quickly and securely benefit from your collection. These tax-efficient and reliable assets help protect your wealth for future generations.
40+yr old, trying to shift a few pounds and sharing his efforsts on the blockchain. Come find me on STRAVA or actifit, and we can keep each other motivated .
Proud member of #teamuk. Teamuk is a tag for all UK residents, ex-pats or anyone currently staying here to use and get a daily upvote from the community. While the community actively encourages users of the platform to post and use the tag, remember that it is for UK members only.
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Want to find out more about gold and silver? Get the latest news, guides and information by following the best community on the blockchain - silvergoldstackers. We're a group of like minded precious metal stackers that love to chat, share ideas and spread the word about the benefits of "stacking". Please feel free to leave a comment below or join us in the community page, or on discord.
