Buying back a gold jewel: what tax applies?

When buying back a gold piece of jewelry (ring, bracelet, necklace, etc.), the applicable tax rate depends on the exact nature of the item. It is crucial to distinguish between two categories: gold jewelry and raw gold. This distinction determines the flat tax rate your client will have to pay.

Case 1: Gold jewelry (manufactured, crafted)

A gold jewel is a crafted, manufactured object: ring, bracelet, necklace, pendant, etc. It is classified in the category jewelry.

• Tax triggered only if the buyback price is over €5,000
• Rate : 6 % + 0.5 % CRDS = 6.5 % of the sale price

Example: a gold bracelet bought back for €6,000 → tax of 6,000 × 6.5 % = 390 €.

Case 2: Raw gold (ingot, foil, nugget, gold wire)

Gold in its raw or partially processed state (ingot, gold leaf, gold wire, nugget) is classified in the category precious metals. The rules are different and more restrictive:

• No minimum threshold The tax applies from the first euro.
• Rate : 11 % + 0.5 % CRDS = 11.5 % of the sale price

Example: a gold ingot bought back for €3,000 → tax of 3,000 × 11.5 % = 345 €.

How do I identify the correct category in Jewely?

When creating the buyback record in Jewely, carefully select the item type:

• Jewel → for any worked and manufactured gold object
• Precious metal → for raw gold, ingots or unprocessed objects

This classification determines the legal information displayed on the redemption voucher given to the customer, including the applicable tax rate.