💰Tax Advantages

In the UK, investing in wine is largely exempt from Capital Gains Tax (CGT).

Capital Gains Tax (CGT) Exemptions

It is often claimed that returns made from wine investments are exempt from Capital Gains Tax (CGT). The truth, as always, is more nuanced.

In many cases, wine is regarded by HMRC as a "wasting asset". Wasting assets are regarded as those with a useful life of less than 50 years.

In these circumstances, no capital gains tax is payable. This carries through to assets held within a shared ownership structure.

Upon investing with WineFi, we will provide you with a Letter of Recommendation from a Specialist Tax Consultant.

VAT and Duty Free

When you invest in wine through Winefi, you are buying wine held "in bond". Wines held in this manner are deemed not to have passed through customs, which means that VAT and Duty is suspended. Unless these wines are removed from bond, no VAT or Duty are payable on your investment.

More information can be found below:

🏬Storage and Insurance