Gold tax rate deters french investors?

France’s tax rates for gold could be deterring investors.

A recent study showed that gold drops from the third to the seventh most attractive asset, when investors take into account France’s laws, reports Bullion Vault.

In January 2014, tax of investment gold sales rose from 8 per cent to 10.5 per cent. To opt instead to pay tax on the capital gains alone, though, investors require documents proving ownership, time of purchase and other information. This information is unavailable for many investors, with almost half of French gold owners inheriting their precious metal.