Category: Tampa Bullion & Coin Dealers
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Are Bullion Sales Taxed in Tampa?
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.
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.
Birch Gold Group
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Material provided on the Bullion.Directory website is strictly for informational purposes only. The content is developed from sources believed to be providing accurate information. No information on this website is intended as investment, tax or legal advice and must not be relied upon as such. Please consult legal or tax professionals for specific information regarding your individual situation. Precious metals carry risk and investors requiring advice should always consult a properly qualified advisor. Bullion.Directory, it's staff or affiliates do not accept any liability for loss, damages, or loss of profit resulting from readers investment decisions.
