Encarta fine wines - Storing Your Wines

Fine wine for consumption or long-term investment – should be held in bond to remain free from VAT and Import duty. Proper storage of fine wines secured in specialist humidity – and temperature controlled conditions is incredibly important, to protect their integrity, provenance and traceability & to avoid damage so that value increases rather than reduces, ensuring their future saleability. Please consult your Encarta Fine Wines Specialist in helping you open a private account. Under current UK taxation rules NO TAXES are paid on capital gains as long as you do not trade the wines on a regular basis. Wine is also considered a “wasting chattel” and as such is charged to Inheritance Tax accordingly. There is no charge to Income Tax as wine is not an “income baring investment”. Encarta is committed to providing a high level of personalised service throughout the lifetime of your account. Our experts will help you source and choose the wines that represent good value, with strong capital-appreciation potential. We have considerable experience of creating a balanced, diversified portfolio of wines from the great chateaux of Bordeaux. We will share with you up to date news on how fine wines are performing in the market, our exciting new finds, surprising vintages and their special ageing qualities. Our recommendations will be tailored to your individual requirements. We are happy to discuss with you our range of services, including managing your wine portfolio. It’s an exciting market, at the heart of which are outstanding wines with great brand recognition worldwide. As interest continues to increase around the world, with newly created wealth driving demand, it’s a market set to grow in years – generations – to come.