Which bullion bars are tax free?
All the bars we sell are tax free. IPM (investment precious metals) status and tax exemptions for bars are determined according to the refiner (producer) of the bars as follows:
1 For gold and silver, a refiner included in the current or former Good Delivery list of the London Bullion Market Association (LBMA)
See List of Silver and Gold LBMA members
2 For platinum, a refiner included in the current or former Good Delivery list of the London Platinum & Palladium Market (LPPM)
See List of Platinum LPPM members and List of Palladium LPPM members
Please note that IPM Status applies to all qualifying (see Basic Qualifying Criteria above) bars made by these refiners and is not limited to the standard, bulky (1,000 ozt silver and 400 ozt gold) Good Delivery bars.
For example, the popular 100 oz Johnson Matthey silver bars are tax exempt as they fulfill all basic qualifying criteria and Johnson Matthey is a refiner on the LBMA list.
Credit Suisse branded gold bars are also tax exempt as they fulfill the basic qualifying criteria and are refined by "Valcambi SA" which uses the logo "Essayeur Fondeur" - see mark on bar - and is a refiner on the LBMA list.