A professional and competent storage facility of investment grade wine is absolutely crucial to retain its value. The value of this alternative asset depends on its condition and state. For this reason these high-quality fine wines must be held under premium storage conditions, which is a vital aspect for the re-sale and profit realisation.
Wines must be stored in a temperature controlled, air-conditioned environment, in a professionally managed bonded warehouse. Additionally, storing wines with affiliated professional bonded warehouses means that investors avoid paying Value Added Tax (VAT), as the wine is not for consumption, and moreover, you will pay no duty on your investment wines.
Once your investment grade wines are stored in a bonded warehouse they are fully insured against any damages or loss.
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Is investing in fine wine really tax free? Are investment wines exempt from income tax and capital gains tax? These are some of the salient questions posed by savvy investors when dealing with investments in luxury wines.
Timing is absolutely crucial – in life, as well as in the arena of financial investments. As mentioned in previous articles, the fine wine investment market is steadily moving into the mainstream of alternative financial investments.
Gone are the days where a Hugo Boss suit and Rolex timepiece would propel your perception in the public eye. Even a Ferrari in the garage no longer carries as much status as it once did; however, top class luxury wines are slowly becoming a status symbol for the wealthy and...