Annual valuation of investment gold for tax return

The annual reference value of investment gold is important to know for the tax return. The reference value is the amount that you pass on to the tax authorities and this is determined on a reference date: 1 January. The current value of the investment gold is therefore not charged. We will tell you more about gold and paying taxes.
 

How does the tax authorities deal with investment gold?

Although investment gold is exempt from VAT, it is not tax-free at the tax authorities. Investment gold falls under your assets, which means it must be declared in box 3.
 

Gold and paying taxes

The return on your investment gold is taxed. The tax authorities use a fictitious return for this, so you do not have to pay tax on the actual return on your gold.
 
It is assumed that the return is 4% per year, on which the yield tax is 30%. Calculated, you pay an annual wealth tax of 1.2% on your investment gold. This tax is separate from the current gold price.
 

How to declare gold to the tax authorities

There is no special way to declare gold to the tax authorities. You can file a tax return annually. Precious metals, including gold, silver and platinum, are considered assets, which means they fall under box 3: savings and investments.
 
It is important that the value of the gold and other precious metals is reported correctly. To do this, you include the value that is stated on the reference date in your tax return. The reference date is the first moment in a year for which a return can be filed.
 
Investment gold that you bought in a certain year, you do not have to report to the tax authorities until the following year. Are you buying investment gold or other precious metals in 2024? Then you do not have to file a tax return for that until 2025.
 

Gold price on January 1

The gold price that you report to the tax authorities is determined on 1 January. The London Bullion Market Association (LBMA) is responsible for setting global benchmarks. The annual benchmark value of gold is based on this. In recent years, the benchmark value of gold looked like this:
 

Year	Gold price per kilo
2024	€60.173,34
2023	€54.626,69
2022	€51.636,03
2021	€50.853,58
2020	€43.522
2019	€36.177

Silver price on January 1

As with gold, the reference value of investment silver is determined for the tax authorities on January 1. The silver price has historically been more volatile than the gold price, which can also be seen in the table below:
 

Year	Silverprice per kilo
2024	€690,60
2023	€721,14
2022	€655,86
2021	€713,41
2020	€513,50
2019	€434