Understand the small print








Make sure you are clear what commission, charges and additional taxes you will have to pay on your fine wine purchases. 

  • Tax. Profits from wine investment are not necessarily tax free. For Inheritance Tax purposes, wine will be valued at the current open market value.  Depending on circumstances, fine wines may also attract Capital Gains Tax. You may need to consider taking expert tax advice.
  • Commission. Know what commission will be charged by the wine merchant, including any portfolio management fees. You may still be charged commission to sell your wine, even if the company you bought from goes out of business.  
  • Storage and handling fees. To store your wine in a bonded warehouse, you will usually be charged an annual fee. You may also be charged shipping and handling fees. 
  • Paperwork. Understand what invoices, regular statements and stock certificates you will receive from your merchant, to ensure that you can prove your entitlement to the wine that you have paid for.
  • Valuations. Make sure you have the option of having your wine valued independently at a future date. Independent valuations can be obtained from a number of sources. (check www.wine-searcher.com or www.liv-ex.com


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