What Is Investment Gold

Written by Lawrence Chard - Company Director and Expert Numismatist • Last updated 19 Aug 2019

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

What Is Investment Gold 265

According to HMRC (as of 10 August 2019)

Investment gold is either:

(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 throughout the entire EU.


Please be aware that for callers to our showroom hoping 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