French people buy Belgian Gold ... Why ?
For several years now, Belgium has been attracting many French people looking to buy gold. But do you know why?
There are two main reasons for that: no tax, discretion of the Belgian market.
No tax on gold !
In France, the purchase and resale of gold are subject to relatively high taxes.
When a private individual resells his gold in France, he may be taxed either by the flat-rate tax on precious metals (11.5% of the sale price), or by the capital gains regime (36.2% after allowances).
In Belgium, on the other hand, the sale of investment gold is exempt from VAT and capital gains tax, making the transaction much more attractive for French investors.
Discretion even anonymity !
French regulations also impose a number of restrictions on the buying and selling of gold, notably in terms of declaration and traceability.
In Belgium, on the other hand, gold transactions are more flexible, and it is possible to buy gold with complete discretion.
This flexibility attracts investors who wish to diversify their assets without being subject to excessive tax scrutiny.
Do you have tax on Gold in your country ? We do on silver ingots, as they are considered as raw materials... But not on gold, nor on silver coins, considered as investments.
Have a nice day :)
| O.J. | Towards Financial Freedom! |
|---|---|
 |  is my path to financial freedom, via precious metal stacking. I try to achieve this to bring a heritage for my family. I'll post about my progress as well as anecdotes. |
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