Question

Am I liable to pay tax for any capital gains when I sell my gold?

Answer

Yes, if you are liable to pay taxes in Finland. In other cases, you should consult your local tax authorities for the answer.

When you sell investment grade gold, you might gain or lose by it. Under Finnish tax regulations, these are to be filed in as capital gains or losses, which fall under the category of capital income tax.

Voima submits information to the Finnish Tax Administration only in accordance with the legal requirements. Consequently, the company does not submit the tax information of its Customers automatically to the Finnish Tax Administration or by Customers' requests. Rather, the person liable to pay taxes is responsible for submitting their own information to the tax authorities.

Please note that Voima does not provide tax advice, and it is not responsible for how accurate or up to date the given information is. The up-to-date information regarding tax matters is provided by the Finnish Tax Administration.

Related questions

  • Why do I need to take a picture of my face and ID?

    This is a security measure intended to ensure that it is indeed you who is opening the account, and not someone who has happened to come across your ID.

    Open on new page
  • Does Voima submit the Customer's tax information to the Finnish Tax Administration if the Customer so requests?

    No. Voima submits information to the Finnish Tax Administration only in accordance with the legal requirements. Thus, no information is submitted automatically or by Customers' requests. Rather, the person liable to pay taxes is responsible for submitting their own information to the tax authorities.

    Open on new page
  • What does it mean that I own my gold fully?

    It means that you are the legal owner of the gold you have acquired through Voima's service and that the gold is not on Voima's balance sheet.

    Read full answer
  • Can I set up a recurring purchase program?

    Yes. You can do this through your own bank account by setting a sum that will be transferred to your Voima Account regularly, for example once a month.

    In case you need help with this, please contact Voima's Customer care.

    Open on new page
  • Can you get gold anonymously?

    No. Voima requires that each Customer is identified in order to ensure the provision of safe services and to comply with AML/CFT legislation.

    Open on new page
  • How can I delete my personal data?

    Send a request to Voima's Data Protection Officer either by email at dpo@voimagold.com or by sending mail to the following address:

    Voima Gold Ltd. / Data Protection Officer
    Bulevardi 5
    00120
    Helsinki
    Finland

    Open on new page
  • Do Voima's Customers own pure gold?

    Yes. The Customers' gold is investment grade, with a purity of at least 99.99%.

    Read full answer
  • Are Customer assets segregated from Voima's balance sheet?

    Yes. This means that the Customers' gold is not owned by Voima but rather by the Customers themselves.

    Read full answer
  • Where does Voima store gold?

    The majority is stored in Helsinki and the rest is at Voima's gold accounts opened at its Swiss and British trading partners.

    Read full answer
  • I am concerned about the price of gold dropping. Should not gold store its value?

    Although its price can fluctuate in the short term, gold has been valued throughout millennia, thus outperforming many official currencies.

    Read full answer
All questions and answers