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Wine Investment | TENGOAL


STUART MCCLOSKEY OF Z&B VINTNERS TOP FIVE TIPS


1. Due Diligence. It is imperative that you buy from a reputable wine merchant. Take your time to understand with whom you are entrusting with your money and be wary of any company who offers a guaranteed profit, as this is impossible to achieve.


2. Transparency. Make sure all fees and charges are made clear from the outset. Commission, storage, insurance, shipping, etc.


3. Your Portfolio, Your Name. Ensure that your portfolio is stored in your name as it is essential you have complete access and control over your asset, regardless of whether your portfolio is being managed by someone else or not.


4. Buy Under Bond. Ensure that your wine is purchased “under bond”, which means it is free from UK Excise Duty and VAT.


5. It Pays To Do Your Homework. If you are investing for the first time and do not uphold a trusted relationship with the wine buyer, check the prices before agreeing to buy the wine.


However, we advise clients to consider £5,000 in order for us to design a diverse portfolio.” Rodgers recommends “an investment of around £5,000 - £10,000 as a starting point”, while Delaney suggests that potential investors should “come along to a tasting; talk to us about what you like. The most important thing to start building a cellar is to be interested and enjoy fine wine.”


With the recent insecurities the


financial markets to more is there


of a


rise in people investing in wine as an alternative investment


investment opportunities, timing traditional


methods? Like other is


everything in wine too. “Prices in recent years have come down considerably, but have been stable for almost a year now and we are seeing gains in some of the investable indices,” explains Rodgers. “Contrarian investors amongst us might see this as a buying opportunity though and we have seen an elevated level of interest, with investors on the lookout for depressed assets.”


Meanwhile Justerini & Brooks has a


different take. “Our customers may use wine as a means of diversifying their investment portfolio and like the idea of owning tangible assets, but their focus is most definitely on enjoying their fine wines,” says Delaney.


Are wine investments still exempt


from capital gains tax? “Wines have been inaccurately heralded as being a tax- free investment - the reality is not quite so black and white,” says Rodgers, who clearly has been asked this question more than once! “As a wasting asset, in most cases wine should not attract capital gains tax, but they would attract inheritance tax and so our recommendation would be to always seek advice from a certified accountant to be sure of your obligations to HMRC!


So is English wine considered a good investment


opportunity? In recent


years English wine has had plenty of positive publicity, but this does not appear to be reflected in the investment market.


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