Here is a guide to all you need to know about
the pleasure of wine investment and how we can help you enjoy the many
benefits available to investors of any size..
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Wine investment should only be made in wines
that command an international following. They should be highly rated by
the wine press and in particular by the American Robert Parker in his
Wine Advocate. It is always preferable to buy wines lying in bond (ie
under H M Customs control) thus avoiding the payment of excise duty,
but more importantly the payment of Value Added Tax (currently at
20%). As long as the wines remain under bond then duty and VAT does
not need to be paid.
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Following each vintage, the châteaux in
Bordeaux offer their wines to the Bordeaux trade. Their wines are sold
through the courtiers (brokers) to the Bordeaux negotiants (Bordeaux
wine shippers) and then onto the world market. Purchasing en primeur is
buying at these opening prices and this is really the optimum time to
buy.
It is usually two to two and a half years later that the wines are
bottled and shipped. We sell en primeur at 'in bond London'
prices which means that all the shipping and insurance charges are
included in the price. Rental and insurance become payable from the
time of arrival in bond. For those requiring delivery within the UK,
duty carriage and VAT are payable at the time of clearance from bond.
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World demand continues to increase whereas the
chateaux are unable to increase their areas of production to any great
extent. Wine is currently not subject to capital gains tax.
Wine is to be enjoyed!
If you are interested in investing in wine then contact us at sales@richardkihl.ltd.uk
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