The returns from investing in wine are free of income and capital gains taxes, confirmed in the following two Taxes Acts:

• Wasting Asset Exemption (TCGA 1992 s45)
• Chattels Exemption (TCGA 1992 s262)

It is these two acts that are relevant in the context of taxation for wine investment merits statements in the Inland Revenue Tax Bulletin on this topic.

The benefit of tax-free investment returns will not be lost on people!

For more detailed information please call Robert Lench on +44 1732 779 343 or email heather@bwiltd.co.uk