Special system for gold investment

Which charges are deductible?

The special regime for transactions with investment gold constitutes a differentiated sector of the activity carried out by the business or professional, and therefore has its own deduction regime.

In general, taxes borne are not deductible insofar that the goods or services are used in supplies of investment gold that are exempt from the tax. 

Exceptionally, the following are deductible:

a) For business or professionals that have directly produced the gold, or which have obtained it through transformation:

• The charges borne or paid for the acquisition or import of goods or services related to said production or transformation.

b) Other businesses:

• The charges borne from the domestic or intra-Community acquisition of the gold when the supplier has waived the exemption.
• The charges borne or paid for the acquisition or import of the gold when, at the time of acquisition or import, the requirements were not met for being considered investment gold, having been transformed into investment gold by the party carrying out the exempt supply, or on their own account.
• The charges borne from services to change the shape, weight or fineness of the gold.