Capital Gains Tax on Gold Bullion (2025 Tax Regulations)
This article has been reviewed and updated for 2025.
Please note: This is not tax advice. We strongly recommend that all investors seek independent, professional advice regarding their personal tax obligations before buying or selling gold.
Understanding the tax implications of buying and selling gold bullion is essential for any investor in Ireland. While investment-grade gold bars and gold coins are exempt from VAT inIreland, Capital Gains Tax (CGT) may apply when you sell gold for a profit.
When Does CGT Apply?
If you buy gold (whether physical gold bars or gold coins, stored at home or allocated in secure storage) and later sell it at a higher gold price, the profit (capital gain) may be subject to CGT. In Ireland in 2025, the current CGT rate is 33%, and gains above the annual exemption threshold of €1,270 (per person) must be declared.
For example, if you invest when the live gold price is €1,800 per troy ounce and later sell when the gold price today is over €2,500 per troy ounce, your profit will likely trigger a CGT liability, depending on the amount and structure of your investment.
Who Is Liable?
Individuals investing in gold bullion are responsible for tracking gains and reporting them. Whether you're investing gold in through direct delivery or storing gold in high-security, independent vault locations, the CGT implications will likely remain the same.
How to Report CGT
Gains must be reported through Revenue's self-assessment system, with payment due by December 15 of the same year (if disposal is made between January 1 and November 30). Investors should maintain a record of gold price charts, purchase invoices, and sale confirmations to accurately calculate any gain.
This is for information purposes only and you must do your own research when it comes to how and when to report capital gains.
What About Other Forms of Gold Investment?
Unlike physical gold, ETFs and mining stocks may be taxed differently. They are not the same as owning physical gold. However, when you buy gold in physical form and retain ownership without third-party risk, CGT rules are more straightforward.
Currency and Market Considerations
The spot price of gold is often quoted in US dollars. Therefore, investors worldwide should keep an eye on the real time exchange rates and check a live gold price chart to track value changes. This is especially useful when setting a price alert or tracking the spot price 24 hours a day.
Final Tip
Staying informed on gold price movements, tax rules, and storage options will help you optimise returns and stay compliant. If you're unsure about the taxes on your precious metal investment, speak to your financial advisor.
For all other enquiries regarding gold and silver investment please contact us using the information below:
Ireland: +353 (0)1 653 3426
UK: +44 (0)203 086 9200
US: +1 888 381 8130
