Make effective use of the tax-free allowance every year to sell gold and save on taxes

With the price of gold continuing to rise, many people are considering selling.

Gold sales gains are combined with salary, business, and real estate income

and are subject to comprehensive taxation.
(Sale Profit = Sales Price - Acquisition Cost - Transfer Costs)

Taxes are calculated using a progressive tax system.
(Higher income means higher tax rates.)

If you record a sale gain in one go, you will be subject to a corresponding amount of tax.

From a tax-saving perspective, we recommend that those investing in gold

with the goal of long-term holding record sales gains in installments of ¥500,000 each year.

There is a tax-free limit of ¥500,000 per year for gold sales gains.

Even if you make ¥5 million in sales gains in one year, the tax-free limit is only ¥500,000 per year.

You will be taxed on ¥4.5 million.

There is a risk of price fluctuations, but if you make a sale gain of ¥500,000 per year over 10 years,

it will be tax-free.

While 500,000 yen per year is a small amount,

2.5 million yen over 5 years

5 million yen over 10 years

10 million yen over 20 years

15 million yen over 30 years

If you accumulate these amounts year by year, it adds up to a considerable tax-free limit.

It's important to note that the 500,000 yen tax-free limit doesn't apply only to gains on the sale of gold,

but also applies to capital gains (comprehensive taxation).

For example, if you sell precious metals, jewelry, calligraphy, paintings, and antiques, etc.,

for more than 300,000 yen in the same year you sell your gold, they will be subject to tax as capital gains.

The combined tax-free limit for these gains and the gain on the sale of gold is 500,000 yen.

-----------------------------------------------------------
都築太郎税理士事務所/Tsuzuki Taro Tax Accountant Office

ホームページ（Home）　
プロフィール（Profile）
ブログ（Blog）
個人の方（料金表）（Individual-fee）
法人の方（料金表）（Corporate-fee）
お問い合わせ（Contact）