Question 1

Does moving gold from the UK to Abu Dhabi trigger UK CGT?

Accepted Answer

Physically moving gold out of the UK does not itself trigger a CGT event — it is a disposal or sale that crystallizes UK CGT. If you retain beneficial ownership of the same bars after transfer to LCORE, no UK CGT is triggered at the point of transfer. UK CGT becomes relevant when you sell or otherwise dispose of the gold.

Question 2

Does the UAE have a tax treaty with the UK?

Accepted Answer

The UAE and UK have a double taxation agreement covering income taxes, but as neither country imposes CGT on gold at the transaction layer relevant to LCORE's vault (UAE has no CGT; UK CGT applies to the UK-resident holder regardless of vault location), treaty interaction on gold specifically is limited.

Question 3

What English Common Law protections apply at LCORE's ADGM vault?

Accepted Answer

ADGM applies English Common Law in full, including property law, contract law, and security interests. UK institutional clients will find ADGM custody agreements substantially similar to those used by London vault operators — with the added benefit of zero UAE CGT.

How to Store Gold Outside the UK with LCORE's ADGM Vault Platform

How to Store Gold Outside UK