These VAT Free Silver 1 oz CGT Exempt Coins - Loco Zurich are stored in a secure bonded warehouse in Zurich, Switzerland, and intended for investors looking for long-term bullion storage.
Please note this product is sold as a “storage only” item and is not available for purchase with delivery. It is VAT Free because it is stored in Switzerland, outside of UK tax jurisdictions.
As the silver coins are safely secured in Zurich, a monthly storage fee indicated at checkout will apply.
Manufactured by: The Royal Mint Storage Location: Zurich, Switzerland Fineness: 999 fine silver Pure Metal Content: Contains 1 troy ounce of the precious metal Tax Benefit: Exempt from Capital Gains Tax Tax Status: Tax Free Weight: 1 oz
An alternative option is VAT-free 1 oz silver CGT-exempt coins stored in Frankfurt, Germany, which still offer the same tax benefits. You may also wish to explore the full range of VAT-free silver coins and bars.
Loco Zurich
The term “Loco Zurich” refers to silver bullion that is physically held in Zurich, Switzerland. The word “loco” comes from the Latin word “locus,” meaning “place.”
Are Loco Zurich Storage Options Secure?
Zurich storage facilities are widely recognised for their high levels of security and confidentiality benefits, capitalising on their stable political environments and strong legal systems. Loco Zurich products incur a storage fee, but this is still considerably cheaper than having the bullion delivered.
CGT Exempt Silver Coins
These coins are chosen on an “our choice” basis and will all be CGT exempt for UK residents.
These coins contain 1 troy ounce of silver. The benefit of buying silver coins from the UK is their Capital Gains Tax exemption for British residents, which makes them very attractive for UK investors.
They will be chosen at random and may include any date of Britannias, Royal Mint lunar coins, or any other one ounce CGT exempt silver coin. This allows these coins to be offered at very low premiums.
Who Owns the Vaulted Metal?
Simply put, you do. There can be confusion around the ownership of metals stored in vaults or overseas. With vaulted storage, purchased products are physically stored in real vaults, with the silver belonging to you.