Sarasota Gold Dealers

Category: Sarasota Bullion & Coin Dealers

Click Sarasota gold dealer listings for reviews, information, map & contact details.
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Are Bullion Sales Taxed in Sarasota?bullion sale tax

Florida places a 6% sales tax on bullion bars and coins.

Importantly there is an exemption where the total purchase price of a bullion order is above $500.

US coins are exempt from sales tax, so American Gold and Silver Eagles for example have no tax payable even if a purchase falls below this threshold. Legal tender coins from other countries are exempt from sales tax provided they are sold at face value.

Florida’s state tax laws here, make Florida a poor choice for very small orders, but an excellent choice for buying investment precious metals over this threshold.

Our full list of zero tax states can be found here – where Florida’s gold investors may be able to buy and store smaller quantities of gold without this disadvantage, although at such a low threshold of $500 the reality is few bullion investors will be caught out by this tax.

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IMPORTANT: The above tax details are listed for information purposes only and are believed correct at time of publication. Bullion.Directory are not tax experts. All enquiries about local and state taxes should be addressed to the appropriate local body. Taxes and taxation are subject to change.