Our on boarding process is very simple and our service takes away all of the leg work by managing everything for you.
As a client you will receive regular valuations, along with the ability to request any other required information
We utilise numerous avenues to process the sale of our clients wine quickly and effectively. We are then paid on a
Fine wine is exempt from inheritance tax if it has been held for more than two years.
If you sell fine wine for a profit, you may be liable to pay capital gains tax on the gain. The amount of tax owed will depend on your individual circumstances and the length of time the wine was held.
Wine is exempt from VAT when it is sold as a collectible, but if it is sold for immediate consumption, VAT will be payable.
Duty: Wine is subject to excise duty, which is a tax paid on alcohol products in the UK
Wine is similar to property or any other physical asset. When you buy fine wine you physically own a tangible asset which holds an intrinsic value regardless of the economic climate.
The main risk is poor selection. This is because buying a wine of poor or inferior quality or a wine that is in high supply and low demand may mean that your investment fails to increase in value.
You’re welcome to. We operate an open door policy for clients and/or anybody looking to get involved. If travel is a problem we can also meet you at a location of your choice.
As long as you can afford to. But there is no minimum or maximum.
As a company we recommend a minimum 3 to 5 year hold to achieve a respectable profit. This is because the longer you hold a wine the scarcer it becomes, which will naturally increase its value as demand outstrips supply. Not to mention the increasing quality of wine through the maturity process.
As well as all major card providers, we also employ an FCA licensed and regulated escrow service that operates a Client Account. This is so that Client funds are held independently and securely during the transaction. Funds are only released to us upon conformation of the wine being ready for transfer or having been purchased from an accredited supplier, if not already in stock.
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