Bringing Gold into Australia?

Discussion in 'Gold' started by anglox_b, Mar 8, 2014.

  1. anglox_b

    anglox_b Member

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    Hi Guys, wondering if anyone has had any experience with bring PM's into Australia? I have been living overseas for quite a while now,and am thinking of getting some more PM's while prices are still low. Dpes anyone know how much gold you are allowed to bring in with you and secondly if any gold bought overseas, would be subject to CG tax, when eventually sold in Australia?


    Thanks.
     
  2. miniroo

    miniroo Well-Known Member Silver Stacker

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    think it's $10,000 worth before you got to to something, not sure.
    but nothing a tube of KY gel won't fix.
     
  3. Altima

    Altima Well-Known Member Silver Stacker

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    Haha. I'm amazed at myself for actually knowing what a KY gels is.
     
  4. goldpelican

    goldpelican Administrator Staff Member

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  5. renovator

    renovator Well-Known Member

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    I like this from the second one

    Precious metal coins
    Precious metal coins are a tradeable/investment form of
    precious metals. Such coins are produced for that purpose and
    are traded at a spot price for the metal alone. Precious metal
    coins also carry a mark that guarantees fineness and quality.

    Traded at spot price ? lol i wish i could buy everything at spot my dca would be a bit lower ....For all the dealers out there that buy back for at spot or less.....yes i am jealous
     
  6. rbaggio

    rbaggio Active Member Silver Stacker

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    I like this from the second one:

     
  7. dozerz

    dozerz Well-Known Member Silver Stacker

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    how many bitcoins can i bring in?
     
  8. hyphenated

    hyphenated Active Member

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    You don't get CGT on some PMs (Sovs, Britannias) if you sell in the UK, but you will in Oz when you declare the sales. Ahem.

    Then there is the GST issue on 22k (ie Sovs) in Oz.

    Then there is the VAT issue on Silver in UK.

    To me it seems to simplify matters to bring in Australian denominated coins (nuggets/Roos) at a lower premium than that charged by Perth Mint - the cheapest source used to be Coins Direct in Germany - but they seem to have dropped off the map.

    If you are making a household move you may get pretty much an unlimited licence as a collection - but YMMV.

    Just don't hide coins in fruit :)
     
  9. DanielM

    DanielM Active Member Silver Stacker

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    So are you jealouse of their overheads?
     
  10. Caput Lupinum

    Caput Lupinum Active Member Silver Stacker

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    What about going the other way? Do you have to declare to any government agencies if you're taking gold or silver (bullion) out of the country?
     
  11. anglox_b

    anglox_b Member

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    Thanks some good info. Still not sure what i'll do.
     

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