Bringing Gold into Australia?

anglox_b

anglox_b

Member
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.
 
think it's $10,000 worth before you got to to something, not sure.
but nothing a tube of KY gel won't fix.
 
Haha. I'm amazed at myself for actually knowing what a KY gels is.
 
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
 
I like this from the second one:

Import declarations are not required if imported goods are the accompanied personal effects* of arriving passengers or crew (of a ship or aircraft) unless the goods are commercial goods.
Click to expand...
 
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 :-)
 
renovator said:
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
Click to expand...
So are you jealouse of their overheads?
 
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?
 
You must log in or register to reply here.
Back
Top