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TAX: A corking investment

13 October 2017  

Alastair Collett and Richard Inston review the tax implications of making disposals from a wine collection

A near decade of record low interest rates has seen some investors’ attentions turn to alternative investments: Knight Frank’s annual The Wealth Report includes a luxury investment index which includes in its asset classes wine, classic cars, art, watches and coins. With clients moving into alternative investment classes it is important that advisers ensure they are fully informed as to the tax treatment afforded to these trophy assets.