Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Mon, 24 Jun 2024 11:05:04 GMT by TeaJay92
Hi, Are custody charges of gold bullion in an LBMA approved vault (i.e. monthly storage fees) deductible for the purpose of calculating CGT? Thank you
Posted Thu, 27 Jun 2024 14:31:35 GMT by HMRC Admin 25 Response
Hi TeaJay92,
No, the only deductions allowed are the incidental costs of acquisition and disposal.
Please have a look here:
CG15250 - Expenditure: incidental costs of acquisition and disposal
Thank you. 
Posted Mon, 01 Jul 2024 10:11:22 GMT by TeaJay92
Thanks Admin25 for confirming this. Just another question: 1. Under which asset class should CGT on gold bullion bought and sold via an online platform be reported? Thank you
Posted Thu, 04 Jul 2024 08:32:56 GMT by HMRC Admin 25 Response
Hi TeaJay92,
This would be listed shares and securities.
Thank you. 

You must be signed in to post in this forum.