What Is Investment Gold?

Author: Lawrence Chard - Director and Expert Numismatist

Published: 19 Nov 2018

Last Updated: 3 Jul 2020

For the purpose of VAT exemption, "Investment Gold" is defined as per HMRC Notice 701/21 as either:

What Is Investment Gold 265

(a) gold of a purity not less than 995 thousandths that is in the form of a bar, or a wafer, of a weight accepted by the bullion markets.

(b) a gold coin minted after 1800 that is:

  • of a purity of not less than 900 thousandths.
  • (or has been) legal tender in its country of origin.
  • of a description of coin that is normally sold at a price that does not exceed 180 per cent of the open market value of the gold contained in the coin.

(c) an investment gold coin as specified in Investment gold coins (VAT Notice 701/21A).

VAT Exemption

As from 1st January 2000, investment gold became exempt from VAT throughout the entire EU.


Please be aware that for callers to our showroom who wish to buy Investment Gold, we must see two forms of identification. Please see our identification page for further details.

Further Reading

You may wish to view all of our articles on our gold guide.

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