We guide you through each stage, covering the key considerations to review before exploring our services further.
Fine wine is often regarded as a tax-efficient asset compared with many traditional investment options. However, there are several important factors to consider, and legislation in this area can often be complex. We always recommend consulting your tax adviser to understand how fine wine may best fit within your overall strategy.
Under Section 160 of the Inheritance Tax Act 1984, Inheritance Tax (IHT) is calculated using the market value of an asset at the time of assessment rather than its original purchase price. HMRC has also confirmed that wine collections are valued at open market value for IHT purposes at the relevant date of charge. For tax purposes, any wine collection forming part of an estate above the applicable threshold may be considered within the estate, regardless of how it is stored or the quantity held.
The tax generally considered when disposing of an asset during your lifetime is Capital Gains Tax (CGT). HMRC treats bottles of wine as chattels, meaning they may fall within CGT rules unless they qualify as wasting assets. A wasting asset is one that has a predictable useful life of no more than 50 years at the time it is acquired.
You must be 18 or older to place an order with Acquire Wine and Whisky
Tax information is provided without warranty. Tax treatment depends on HMRC guidelines, so we recommend seeking expert advice tailored to your individual circumstances.
As with all collections, past performance is not a guarantee of future results.
“New Make” spirit must be matured for three years, during which its alcohol content may decrease. To be classified as “whisky,” it must maintain a minimum strength of 40%.
Our website provides information on whisky cask collecting but does not offer personal financial advice. If you are uncertain about which casks are suitable for you, consult a financial advisor.
If you choose to purchase whisky with Acquire Wine and Whisky, remember that cask prices can fluctuate, and you may receive back less than your initial investment.
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