Capital gains tax on sale of gold.

Hello, I have a foreign bank account denominated in gold. I had purchased 100 grams of gold into the bank account paying foreign currency 3 years ago. I consider selling all the gold in the account and the purchase GBP with the proceeds and remit the them to the UK. I read previously that foreign currency is exempt from capital gains tax as long as they have been kept in a bank account. The gold in this case has also been kept in a bank account. Is it also exempt from capital gains tax? Many thanks.

Hi John P,
As the gold is not in the form of british coins or bullion, you may be liable to Capital Gains Tax if you have sold it for more than you paid for it.
Thank you. 
 

Gold bullion coins profit is exempt from capital gains tax. If a Ltd company makes profit from gold bullion coins, would that be subject to corporation tax?

Hi ,
 

Please refer to :  CG78305 - Foreign currency    .

Thank you .