Silver that you hold as an investment is generally reported in Box 3 under ‘other assets’. This applies to your own coins and bars stored with Holland Gold Safe and to physical silver that you hold via the precious metals account and that we store for you. Silver coins and silver bars that you keep at home also fall under this category.

For this, you use the value of the silver on 1 January of the tax year. You determine the value based on the fair market value on this reference date, not on the amount you paid when purchasing it.

Business

Do you hold silver as a business? The tax treatment may depend on your business structure and the way in which you use the silver. Therefore, ask your bookkeeper, accountant or tax adviser how you should process the silver in your records and tax return in your specific situation.

Exemption for investment silver in Box 3

Silver forms part of your assets in Box 3. The Dutch Tax and Customs Administration applies a tax-free allowance, or threshold amount, on which you do not have to pay tax. If you meet specific conditions, this may apply to you.

There is no separate exemption specifically for silver. If the total value of your assets remains below the tax-free threshold, your silver will not affect your tax assessment. Always discuss the use of your exemption with your tax adviser or bookkeeper. Read more about the tax-free allowance on the website of the Dutch Tax and Customs Administration.

Important

Holland Gold does not provide data to the Dutch Tax and Customs Administration. It is your own responsibility to correctly report your silver holdings. The price overviews have been compiled with care, but no rights can be derived from them, for example with regard to production premiums or collector’s value. If you have any doubts or questions about your tax return, consult a tax adviser or financial specialist.

More information about the tax and VAT rules when purchasing silver can be found under ‘Do I pay VAT on the purchase of silver?’