Queen Elizabeth II Gold Sovereign – 2020

Practical and Complementary items for home use

£323.41

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Description

Specifications:

  • VAT Exempt
  • CGT Exempt
  • Country: United Kingdom
  • Fine Weight (grams): 7.4
  • Fine Weight (troy oz): 0.235
  • Gross Weight (grams): 8
  • Gross Weight (troy oz): 0.257

The 2020 Sovereign features the fifth-generation portrait of Queen Elizabeth II on its obverse and Pistrucci’s famous St George and the Dragon is on the coins reverse. The Sovereign is considered by many to be a flagship coin of The Royal Mint. Under current legislation this coin is exempt from CGT.

UK Bullion coins, including The Sovereign, Britannia, Lunar and Queen’s Beasts are exempt from UK Capital Gains Tax (CGT) for UK residents only due to being legal tender. CGT is tax levied in the UK on the profit made on disposal of assets. It differs from Income Tax in that only the gain is taxable.

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