Depersonalized metal account is an account that records non-personalized precious metals (in grams), without specifying specific signs of measured ingots (number of bars, sample, manufacturer, serial number). A metal account can be opened in precious metals such as: gold, silver, platinum, palladium.
Today, it is risky to keep your savings in one form, which is why people's interest in precious metals, which can be bought and stored in banks on impersonal metal accounts, has become popular.
This account can be used to perform operations:
- replenishment, it is possible to buy metal at the exchange rate of the bank and credit it to your account;
- cashing, metal can be sold at any time at the rate of the bank and the money can be returned;
- also, if desired, the client can get his hands on the purchased ingot of precious metal.
This investment has its advantages:
- there is no VAT on the purchase of metals;
- when selling metal, personal income tax is not charged if it has been in the property for more than three years;
- when buying an impersonal metal, you do not need to pay additional costs, storage, transportation of metal.
There are also disadvantages of this type of investment:
- when opening an impersonal metal account, interest is not charged as on the deposit;
- there is no deposit insurance guarantee on such accounts;
- when selling metal, if it has been in ownership for less than three years, you need to file a declaration with the Federal Tax Service Inspectorate and pay 13% tax.
There are two types of return on unallocated accounts:
- accounts that do not accrue income, i.e. the account holder's income is added up only due to the growth in the value of the metal itself on the world market;
- accounts with interest, interest is calculated if the metal account was registered as a deposit only in precious metals with a certain shelf life. Income is made up of interest accrued in precious metals and the growth in the cost of precious metals on the world market.
