VAT Free Silver 1 Kg Bar Argor Heraeus - Loco Zurich

These VAT Free Silver 1 Kg Bar Argor Heraeus - Loco Zurich are stored in a bonded warehouse in Zurich, Switzerland and intended for investors looking for long-term bullion storage. The Argor-Heraeus silver kilo bars come from Switzerland.

• Manufactured by Argor Heraeus
• Storage Location: Zurich, Switzerland
• 999 fine silver
• Contains 32.1510 troy ounces of the precious metal
• VAT free
• Weight: 1kg

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.

To purchase silver kilo bars for delivery, please see our new kilo silver bars and our pre-owned kilo silver bars. Click on this link to view our VAT free silver range.

'Loco' Zurich

The term 'loco Zurich' refers to silver bullion that is physically held in Zurich, Switzerland. The word 'loco' from the Latin word 'locus' meaning 'place'.

VAT and CGT Information - 'Loco' Zurich

When purchasing silver for storage in Loco Zurich, you will not pay VAT as the silver is stored in a bonded warehouse in Switzerland. This exemption only applies to silver that is not physically delivered. 

You are still liable for CGT (Capital Gains Tax) as this benefit only applies to certain Loco Zurich coins. Coins issued by the Royal Mint are considered UK Sterling legal tender, so they do not attract Capital Gains Tax when stored in Loco Zurich. 

Delivered silver is subject to CGT in the UK - which means you may pay tax on any profits you make above the current CGT threshold. 

Argor-Heraeus

The Argor-Heraeus Group, founded in 1951, is one of the world’s most important processors of precious metals. Their main production facility is based in Mendrisio (Ticino, Switzerland), where they refine silver, gold, platinum and palladium in addition to producing investment grade bars for wholesale and retail markets. They also have international branch offices in Germany, Italy and Chile.

The global technology company Heraeus acquired Argor-Heraeus (Argor) in April 2017 through its global business unit, Heraeus Precious Metals (HPM).

Who Owns the Silver Bars?

Simply put, you do. We often find that there is considerable confusion around the ownership of metals which are stored in our vaults or overseas. We have seen a number of comments on social media saying "if you don't hold it, you don't own it", however this saying is more applicable to "paper silver" as opposed to vaulted metals. Paper silver in the form of ETFs (Exchange-Traded Funds), futures contracts etc., are claims to future silver purchases, so in those instances, you don't own the metal, you merely own a claim to it. With vaulted storage, your purchased products are physically stored in real vaults, with the silver belonging to you.