1. Refers to sales tax, not income tax. It’s only GST free if purchased as an investment.
Ok
2. If for investment, the accountant needs the statement to show the number of ounces held, date purchased, price paid per ounce at purchase, storage location, and security arrangements.
RRDJ is only providing fiat value at purchase.
RRDJ is aware of the reporting requirements and complies.
3. If sold in the first year, you pay CGT on 100% of the gain. You don’t get taxed 100% of the gain. If after 1 year it’s CGT on 50% of gain, not 50% tax on the gain.
We are aware of the tax implications.
4. RRDJGIA holds gold to back member deposits. It does not hold members gold. If it did, member account statements would include the number of ounces held and current market value.
This is an important distinction. you’re assuming much and are thus misinformed.
5. This is a fantastic benefit but relies entirely on the other 4 points being as you currently believe they are.
We are aware and understand the process of gold investing.
Can you share the documentation, not opinion, you’ve seen to be so sure about that?
Sure, read the tax act. anyone will do or better still get an opinion from your accountant.
Being able to support this is the key to growing well beyond 1000 members.
Perhaps.