{"id":7451,"date":"2025-08-17T16:50:49","date_gmt":"2025-08-17T14:50:49","guid":{"rendered":"https:\/\/www.italpreziosi.it\/gold-guide\/gold-trading-how-it-works-and-taxation-in-italy\/"},"modified":"2026-03-17T16:22:26","modified_gmt":"2026-03-17T15:22:26","slug":"gold-trading-how-it-works-and-taxation-in-italy","status":"publish","type":"page","link":"https:\/\/www.italpreziosi.it\/en\/gold-guide\/gold-trading-how-it-works-and-taxation-in-italy\/","title":{"rendered":"Gold trading: how it works and taxation in Italy"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"7451\" class=\"elementor elementor-7451 elementor-113\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bf8de47 e-con-full e-flex e-con e-parent\" data-id=\"bf8de47\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-78bcea2 e-flex e-con-boxed e-con e-child\" data-id=\"78bcea2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-a06488c e-con-full e-flex e-con e-child\" data-id=\"a06488c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d6a1cc1 elementor-widget elementor-widget-shortcode\" data-id=\"d6a1cc1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\"><nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"last\">Italpreziosi<\/span><\/p><\/nav><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-09b600f elementor-widget elementor-widget-heading\" data-id=\"09b600f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\"><span class=\"sf\">Gold trading<\/span>: how it works and taxation in Italy<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f0b0045 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"f0b0045\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The buying and selling of gold is a practice as old as the history of global economies themselves. Both private investors and companies have long regarded <strong>gold as a safe haven or an investment asset<\/strong>.<\/p><p>Let\u2019s take a closer look at how gold trading works in Italy, with particular attention to its tax regulation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-aae4fa8 e-con-full e-flex e-con e-child\" data-id=\"aae4fa8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-b3a9ff6 e-con-full e-flex e-con e-child\" data-id=\"b3a9ff6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0ca2218 elementor-widget elementor-widget-image\" data-id=\"0ca2218\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"720\" height=\"349\" src=\"https:\/\/cdn.italpreziosi.it\/wp-content\/uploads\/2025\/08\/monete-oro-investimento.jpg\" class=\"attachment-medium_large size-medium_large wp-image-1813\" alt=\"A close-up of several stacks of gold coins placed on a wooden surface, with more coins blurred in the background.\" srcset=\"https:\/\/cdn.italpreziosi.it\/wp-content\/uploads\/2025\/08\/monete-oro-investimento.jpg.webp 720w, https:\/\/cdn.italpreziosi.it\/wp-content\/uploads\/2025\/08\/monete-oro-investimento-300x145.jpg.webp 300w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-41ff2f8 e-con-full e-flex e-con e-child\" data-id=\"41ff2f8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fe9e8df elementor-widget elementor-widget-heading\" data-id=\"fe9e8df\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is meant by <span class=\"sf\">gold trading<\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23908c0 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"23908c0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When referring to the <strong>buying and selling of gold<\/strong>, this may involve either <strong>physical gold<\/strong> (such as bars and coins) or <strong>financial products<\/strong> linked to gold (such as exchange-traded funds).<\/p><p>While physical gold is tangible and requires logistical handling and secure storage, financial products linked to gold allow investors to gain exposure to gold price movements without physically owning the metal.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5c7a18a elementor-widget elementor-widget-heading\" data-id=\"5c7a18a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How gold trading works<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3292627 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"3292627\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The trading of investment gold involves <strong>buying and selling gold with the expectation that its value will increase over time<\/strong>, depending on market trends.<\/p><p>Although gold does not generate dividends like shares, it offers the undeniable advantage of helping to <strong>protect investments from inflation risks<\/strong> and stock market volatility.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-aa25398 e-con-full e-flex e-con e-child\" data-id=\"aa25398\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-6b042ca e-con-full e-flex e-con e-child\" data-id=\"6b042ca\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f3ed3b2 elementor-widget elementor-widget-heading\" data-id=\"f3ed3b2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Taxation of physical gold: <span class=\"sf\">the Italian tax framework<\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7839c5c elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"7839c5c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In Italy, investing in gold is particularly attractive for another reason: investment gold is <strong>exempt from VAT under current regulations<\/strong>. In addition to understanding the dynamics of gold trading, it is therefore essential to clarify what is meant by <a href=\"https:\/\/www.italpreziosi.it\/en\/gold-guide\/the-ultimate-safe-haven-asset-investment-gold\/\"><span style=\"text-decoration: underline;\">investment gold<\/span><\/a>.<\/p><p>Article 1 of <strong>Law No. 7 of 17 January 2000<\/strong> defines investment gold as:<\/p><ul><li>\u201cgold bars or plates of a weight accepted by the gold market, but in any case exceeding 1 gram, with a purity equal to or greater than 995 thousandths, whether or not represented by securities\u201d;<\/li><li>\u201cgold coins with a purity equal to or greater than 900 thousandths, minted after 1800, which are or have been legal tender in their country of origin and are normally sold at a price that does not exceed 80 per cent of the value of the gold contained therein on the free market\u201d.<\/li><\/ul><p>This definition clearly distinguishes investment gold from other consumer goods or investment assets, which are normally subject to VAT.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-366a1c3 e-con-full e-flex e-con e-child\" data-id=\"366a1c3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0bd1db2 elementor-widget elementor-widget-image\" data-id=\"0bd1db2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"720\" height=\"480\" src=\"https:\/\/cdn.italpreziosi.it\/wp-content\/uploads\/2025\/08\/normativa-compravendita-oro.jpg\" class=\"attachment-medium_large size-medium_large wp-image-1811\" alt=\"A person in dark clothing sits at a desk with an open book, holding a pen. A wooden judge\u2019s gavel and a clipboard with papers are on the desk in the foreground.\" srcset=\"https:\/\/cdn.italpreziosi.it\/wp-content\/uploads\/2025\/08\/normativa-compravendita-oro.jpg.webp 720w, https:\/\/cdn.italpreziosi.it\/wp-content\/uploads\/2025\/08\/normativa-compravendita-oro-300x200.jpg.webp 300w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-95a3fb4 elementor-widget elementor-widget-heading\" data-id=\"95a3fb4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Investment gold trading: declaration of capital gains<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c5377f elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"8c5377f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The buying and selling of investment gold may generate <strong>capital gains of a financial nature<\/strong>, which are subject to taxation under Italian law through the application of a substitute tax.<\/p><p>The <strong>2024 Budget Law<\/strong> introduced significant changes to the previous legislation (Article 68 of the Italian Income Tax Code \u2013 TUIR). Where purchase invoices are available, any capital gain realised is subject to a substitute tax at a rate of 26%, comparable to that applied to financial transactions. This tax is settled through the tax return relating to the year in which the proceeds are received.<\/p><p>In the absence of purchase documentation, a 26% tax is applied to the total sale proceeds. For this reason, it is always advisable to retain all documentation relating to the purchase of the metal.<\/p><p>For a comprehensive, up-to-date and accurate overview of the tax regime applicable to investment gold trading, it is recommended to rely on industry professionals. <span style=\"text-decoration: underline;\"><a href=\"https:\/\/shop.italpreziosi.it\/en\/services\/book-a-consultation\/\" target=\"_blank\" rel=\"noopener nofollow\">Italpreziosi consultants<\/a><\/span> are available to provide all the information you need, ensuring reliability and accuracy.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Gold trading: how it works and taxation in Italy The buying and selling of gold is a practice as old as the history of global economies themselves. Both private investors and companies have long regarded gold as a safe haven or an investment asset. Let\u2019s take a closer look at how gold trading works in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":7427,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-7451","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/pages\/7451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/comments?post=7451"}],"version-history":[{"count":14,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/pages\/7451\/revisions"}],"predecessor-version":[{"id":7676,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/pages\/7451\/revisions\/7676"}],"up":[{"embeddable":true,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/pages\/7427"}],"wp:attachment":[{"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/media?parent=7451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}