The gold tax increases in France

gold market articles and news and anecdotes

The state has just increased the tax on the sale of gold. From 10.5%, it rose to 11.5%. In other words, any person wishing to sell gold coins or bullions for which they no longer have an invoice will have to pay a sum representing 11.5% of the actual value of the precious metal item.
As for gold holders who are able to provide a dated invoice that includes the purchase price will also have to pay the appreciation tax, which rate has also been raised. From 34.5%, it rose to 36.2%.
Regarding the added value, it should be noted that an annual discount of 5% applies starting from the third year of ownership. Thus, the appreciation tax of your gold assets decreases each year, until it becomes null after 22 years.