Guidelines

Investing in fine wine is not generally a short-term investment. Although in certain cases very positive returns have been made in just a few years, Provenance expects to recommend holding for at least five years. In order to get the best possible returns of all, it is important to follow some widely-held guidelines.

Also, although Provenance Fine Wines are not tax advisors we understand that there are major tax benefits brought about by the status of “wasting chattel” accorded to fine wine by HM Revenue & Customs, thus entitling exemption from capital gains tax. For further clarification on this matter please visit: www.hmrc.gov.uk

And remember that in times of economic downturn, fine wine is an asset that has historically performed better than others.