Moving country with bullion

Hi all,
I'm hoping to get some information in relation to moving country with bullion.
I have been finding it hard to get transparent information on bringing bullion with me.

I'm moving to Ireland and know my silver bullion will attract VAT.
Can anyone confirm if the gold bullion will? From what I read the answer is no if .999 but what about 22k and lower AGW.

I was sent a form from someone in Ireland where a form is needed to be filled, where it says silver and gold plate (other than electroplated) and I need to sign this with a solicitor and state it's not for resale and also have proof of ownership for all items.
I think this process is not for bullion.

Any help your be massively appreciated.
Thank you.

StewyD32

 

Anything over .995 in gold is VAT free. All other bullion will attract VAT

Oooh & some investment coins too! That I didn't know about

Go here: https://www.bullionbypost.ie/info/h...n in Ireland is,additional VAT charge on them.

 

Thanks for the reply @Silver Soul.
I'm pretty confident too about the gold over .995 being VAT free too.

My main concern is if I get stopped

• Do I need proof of ownership for all the bullion
• Bullion that is 22k being hit with VAT. (e.g. sovereigns, nuggets)
• Do I need to sign forms. I was given one but I think it is incorrect and just for plated goods.

On a side note, would round 50's be scrutinized as bullion?

 

Thanks BB. I can't find info for bullion receipt evidence apart from the gold/silver plate form which I don't think is applicable for me.

 

I think round 50's are still considered currency just not in circulation anymore.If would you come into my shop I would happily accept it

 

Wouldn't worry too much unless it's tens of kilos.

Regarding gold coins EU has an extensive "VAT exempt investment gold" list - check your items against that.
https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:JOC_2018_412_R_0007&from=EN

edit: If you're 'going for good', consider selling your silver in Australia. You could buy bullion sovereigns with that money and reclaim GST from ABF (via tourist refund scheme) on your way out as long as you didn't purchase more than 60 days prior to departure. PM if you wish.

 

Whilst in general most countries don't prohibit the importation of bullion by an individual, if some was carrying a significant dollar value ie USD10-20k or more, customs may think you are bringing it in to sell commercially, thus probably best to complete a customs dec on arrival. Having a full inventory may assist to show it's your personal stack built over time, but then again it could be looked at as a potential sales listing. Having all the receipts would be great....probably impossible too.

This site provides some suggestions in dealing with this topic. https://preciousmetaltax.com/transporting-metals-internationally/#Do-it-yourself

So the need to prove it's your personal stack and cos you are moving to Ireland, you are bringing it with you etc cos you don't want to have it out of reach. So just a thought, to prove on arrival it's your personal non-commercial stack, why not (before you leave Aust) find a security deposit box provider near where you will live Ireland, take out as 12 month lease on a box. Whilst it'll cost you a few Euro, having proof (SDB lease receipt in your name, in your hand) of end location for the bullion may assist in providing confidence it's your own stack, not a commercial import etc.

Could also ring Ireland customs . They may give you a straight answer or maybe able to provide a pre-arrival approval / formal letter of some kind that'll help you through on arrival.

Like all things Govt controlled, they leave it as ambiguous as possible to make it as hard as possible.

All the best for this (and the new life in Ireland).

 

Yes, if you are migrating then any possessions that you have are personal property and shouldn’t attract VAT any more that any other household or personal item that you own and take with you.

 

Think I will bring these and mix them up with change
And yes, pretty sure they considered valid currency still.

 

Once I get a little more clarity into the requirements for Ireland I’ll give you a PM, thanks Jultorsk

 

Had to laugh at this. I have contacted them today. The first person asked me ‘what is a bullion’. They ultimately told me to ring back and I’ll get someone else who may know more. I stopped trying after the third person who didn’t have a clue.

 

I get where you are coming from, however these still don't prove the items are yours unless it sates serial numbers etc relating to the bars

 

Thank you

 

Im pretty sure my silver portion of the stack will attract VAT gaining into Ireland.
My aim will be to sell most of this and only bring in Au

 

Do they go through all your belongings when you move there? How would they ever know what you own?
Just seems like a strange thing to worry about when they'd never know and it's none of their business.
I dont understand the socialist cuck mindset at all.

Do they want to have a go with your wife too?

 

Sell ya precious here and then hunt for that little wee green Irish man with his pot of gold at the end of the light spectrum

 

Would round 50s attract VAT or would they still be considered normal currency, thus wouldn't be scrutinised?

 

Well - my experience is they're not that interested what kind you're importing. I was once asked what's in the box - they looked at the X-ray and guessed it would be "drill bits"? But of course there's no guarantee, you may get unlucky.

That said, I honestly would not bother with fiddies. Of course they're nice and well-loved in Oz, but there's few buyers for them outside Australia on similar forums as this... you might sell a few but they're not _that_ desirable. I reckon dealers would only buy them for melt or below spot here in Europe. (Happy to be proven wrong).

 

Thanks for that jultorsk, to be honest I don't care about the resale etc. I think round 50s and 10oz bars are the best to stock IMO, so would like to keep them.
I just need to know if I actually need to declare them as I have a good few KGs as I have other items to declare too. I don't want any issues with one or two items and everything gets scrutinised.

I was going to mixed it in with other change and just say it was change but didn't realise how much I had.