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No Taxes on SA Rare Coins
Rare Mandela R5 sells for R200 000
SA Rare Coin Sells for R1.4 Million
Rare Mandela Inauguration R5 sells for R750 000
90TH Birthday Mandela R5 Sells for R100 000
American Newspaper Article on Rare Mandela 90th Birthday Coin
LATEST ARTICLEProof 90th Birthday Mandela R5 coins are set to show the highest financial performance of any rare coin issue ever!
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WIN A KRUGERRAND WORTH OVER R8 000
One entry per person
BI-MONTHLY DRAWCONGRATULATIONS TO OUR MARCH / APRIL WINNER!
Mr Tiaan Steyn
Weltevreden Park
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Disclaimer |
5. No Taxes on SA Rare CoinsWe all hate paying taxes! SA rare coins are not taxable on their sale. That means that there is no CGT (Capital Gains Tax) payable on profits when you sell. You can automatically add 20% increased performance to your coins, as this is the average amount of tax that you would pay on other investments.With the kind permission of Personal Finance magazine, we reprint excerpts from their magazine’s special report on CGT. You can clearly see that SA rare coins are CGT exempt. Krugerrands however, do attract CGT. This is another reason why we advise clients to exchange some of their Krugerrands for rare coins.
If you exchange your coins for SA rare coins, you will pay no CGT. When you sell your SA rare coins, you will also pay no taxes and you will see higher growth than with Krugerrands. This is a good way to limit estate duties for your heirs. By owning a SA rare coin portfolio, you will be lowering your taxable income and overall tax footprint.
The profits that you make on your krugerrands are
taxable. Swap them for rare coins and you will pay
no taxes on your profits when you sell.
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