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Gold & Tax

Are Britannias CGT Free?

Yes. The gold Britannia is UK legal tender with a £100 face value, which makes it exempt from Capital Gains Tax for UK residents.

Last reviewed September 2026

In short: Gold Britannias are exempt from Capital Gains Tax for UK residents because they are sterling legal tender. They are also VAT free, making the Britannia one of the most tax-efficient ways to own physical gold in Britain.

Why the Britannia qualifies

The one ounce gold Britannia, struck by The Royal Mint in 999.9 fine gold, carries a face value of one hundred pounds. That legal tender status means the tax rules treat it as currency, and sterling currency is not a chargeable asset for Capital Gains Tax. However far the coin rises in value while you hold it, the gain when you sell is not taxed.

Why this matters more now

The annual Capital Gains Tax allowance has been cut to £3,000. For someone holding gold bars or foreign coins, even a modest gain can now create a tax bill. Britannia owners simply do not have this problem, whatever the size of the gain. Combined with being VAT free as investment gold, the Britannia gives you growth that is entirely yours to keep.

Fractional Britannias count too

Half, quarter and tenth ounce Britannias are also legal tender and enjoy the same exemption, which makes it possible to build a fully CGT-free holding in smaller steps.

Read more: Is gold CGT free? · Britannia vs Sovereign · Is gold VAT free?

This page is general information, not tax, legal or financial advice. Tax treatment depends on your individual circumstances and tax rules can change. Please speak to a qualified adviser about your own position. The value of gold can go down as well as up.

The flagship British coin

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COMMON QUESTIONS

Frequently Asked Questions

Clear answers to common questions about physical gold ownership, delivery, storage and getting started.

Is physical gold tax-free in the UK?

UK legal-tender gold coins, such as Gold Britannias and Gold Sovereigns, are exempt from Capital Gains Tax, and all investment-grade gold we supply is free of VAT. This makes physical gold one of the most tax-efficient ways for UK residents to hold wealth.

How do I get started?

Getting started is simple. Book a free, no-obligation call with our team or download our free Gold Ownership Guide. We'll explain how ownership works, answer your questions and help you choose the right coins for your goals.

Do I actually own and receive the gold?

Yes. Every coin you buy is owned outright by you and delivered directly to your door. Your gold is never pooled or held on your behalf, so you keep full, private ownership of a real, tangible asset.

How is my gold delivered?

All orders are shipped using fully insured, tracked and signed-for UK delivery. Your gold is discreetly packaged and most orders arrive within 3 to 5 working days once payment has cleared.

Can I sell my gold back to you?

Yes. We offer a buyback service on everything we supply and will provide a fair, live market valuation whenever you decide to sell. Because Britannias and Sovereigns are widely recognised, they stay highly liquid and easy to sell.

How are your prices calculated?

Our prices follow the live gold spot price plus a small, transparent premium that reflects minting costs and product availability. Prices update through the day in line with the market, so you always pay a fair, current rate.

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Gold Tier Advisory Limited sells physical gold coins and provides general information about physical gold ownership. Nothing on our website or in our materials is an offer, recommendation or advice to buy or sell any investment. We deal only in physical precious metals. We do not offer options, derivatives, futures, shares or any other securities or regulated financial products. The value of gold can rise and fall, and past performance is not a guide to the future. Prices reflect the live market at the time of your order, so the amount you receive on any future sale may be more or less than you paid. Physical gold should be viewed as a long-term holding. Gold Tier Advisory Limited is not authorised or regulated by the Financial Conduct Authority, and physical gold coins are not "specified investments" under the Financial Services and Markets Act 2000. We do not provide tax, legal or investment advice, and no member of our team is authorised to do so. Any general information we share, including on Capital Gains Tax exemption for certain UK legal tender coins, is for context only and depends on your circumstances. If you are unsure whether physical gold is right for you, please seek independent financial, tax or legal advice before buying.