Silver Bullions

Gold bullion comes in two main forms: bars and coins. Both are valued for their purity, weight, and liquidity. At Golden Dram, we focus on premium gold bullion coins, recognised globally, easy to store, and simple to trade.

These coins are typically minted in weights such as 1oz and are struck with designs that enhance both their recognition and collectability.

Similiar to Gold, Where you buy and sell Silver makes a massive difference to your wallet, thanks to very different tax rules around the world.

Here is a quick look at how things work across South Africa, the UK, and our Off Shore vaulting option:

• Value Added Tax (VAT): In the UK, you pay the standard 20% VAT on physical silver bars and coins for domestic delivery. In South Africa, silver does not get the same exemptions as gold; you pay 15% VAT on all physical silver purchases, including Silver Krugerrands and imported bars.
• Capital Gains Tax (CGT): The UK treats its own legal tender silver coins (like the Silver Britannia) as completely tax-free when sold. However, South Africa charges CGT and also uses a worldwide tax system. If you are a SA tax resident, you must declare and pay CGT to SARS on profits from selling silver anywhere in the world, even if you sold it in SA or abroad.
• Mauritius (Freeport Advantage): While physical silver normally attracts the standard 15% VAT in Mauritius, if you buy and vault silver within the Mauritius Freeport Zone, transactions qualify for a 0% VAT rate.

Disclaimer:
The information on this website regarding the taxation of precious metals is provided for general information only and does not constitute financial, legal, or tax advice. Tax treatment depends on your individual circumstances, please seek advice from a qualified tax or financial professional based on your countries particular requirements.