How is privately owned precious metal taxed?

The Dutch Tax Administration generally considers precious metals to be an investment. As a result, the ownership of gold and silver usually falls under assets in Box 3 of the Dutch income tax system (wealth tax). The value of your precious metals is determined based on the market price on 1 January of the relevant tax year. 

Are there any tax exemptions for precious metals? 

In some cases, precious metals may be classified as collectible items. However, this occurs only rarely. Each year, the European Commission publishes a list of coins that qualify as investment gold under European legislation. 

Income tax exemptions for precious metals 

Certain exemptions may apply to precious metals under the Dutch income tax rules. These exemptions can apply to: 

• objects of art and science 
• collections 

Whether these exemptions apply to your situation depends on several factors. For personal advice regarding your tax situation, we recommend consulting a tax specialist or accountant.