It's OK. You can buy it all back when it hits $100. Then sell it shortly afterwards for a small loss.
damit, so the best thing to avoid CGT is to buy gov minted coins? so 1oz gov minted coins because 10oz coins will easily eventually go for over $500... but "collectable coins" are CGT exempt so 10oz coins will fall out of the stay under $500 category but still stay in the "its a gov coin" category so either way, i dono ...yeah i gota see a tax agent (who will most likely have less of an idea what im talking about than what i do) lol
if other prices also fivefolded, then you had no profit at all, regardless bank transfer, cash, bricks, whatever. If other prices didnt fivefold, then you had a profit, and wanting to escape the govt attempt to grab a part of this profit for nothing (dead metal), is giving them the excuse to grab more. It's not harder than this. Aside of this, if you just exchange silver for what you really wanted, no other currency inbetween step, just silver currency alone, then measuring profit becomes harder. Making govt harder to measure, makes it harder for them to tax / find excuses to tax. Based on govts own treatment of silver as a consumed/industrial product. They tax silver purchases dont tax gold purchases. Taxing such a later exchange would mean taxing twice.
If you think the ATO is going to treat bullion coins which trade with no collectible premium and which are classified as investment for the purposes of GST rules as a collectible/private use and allow you to claim that because each of them cost under $500 you don't have to pay tax on your total investment of $20,000 and they are going to be scared of some out of date 1987 case then you're dreaming. Strongly recommend you get real and don't try and be a smart arse bush tax lawyer. If you have a reasonable amount of metal and want to try this on then get proper tax advice.
You can always move it all to New Zealand before you cash out. There's no CGT in NZ. And because bullion doesn't have sufficient ties to Australia (e.g. like real estate or Australian shares) you shouldn't be liable for any CGT in Australia. You may need to live in NZ for a while to do this.
just find someone who will buy the coins off you and list them as brittanias, i.e. CGT free. he's buying them at melt at 100$ and oz anyway. k, just realised u were in oz. my bad.... but is there an Oz coin thats CGT free? maybe you could list them as that to your buyer.
Just get your parents to sell it and gift you the money. Assuming they are pensioners with no income already. They are entitled to certain amount tax free per year. Slam PS: Actually there are other options too. The options are endless, its amazing what you can do when the value is in the metal itself rather then phoney papers or digits =D.
