Enquiry Type: (You can select multiple options)

    Preferred time to ring:

    We will contact you straight away and never sell your details to a 3rd party.

    Ask the Accountant

    Can I buy gold with my Ltd company profits?


    Accountancy Expertise – here to answer your questions to help you run a successful business.

    We'll be posting frequently asked questions and answers. Can’t find the answer to a question you're looking for? Get in touch at contact@carringtonaccountancy.com one of our expert accountants will be happy to help.

    gold bars


    I have some extra profit in my limited company in cash from last year. Legally can I buy gold in the name of the company from the profit?



    The company can buy gold as an investment.

    There is no tax relief for the purchase of the gold. Any change in the value of the gold at the company’s year end would be added or deducted from profit, but an increase in value would not create any tax payable and a decrease in value would not reduce tax.

    Tax is only payable when the gold is sold and a profit made. If a loss is made on the sale then the loss will be set against other profits to reduce them.