Capital Gains
Tax Free!
As we approach Octobers Budget, the announcement most investors will fear on Wednesday maybe the speculation about changes to CGT, Capital Gains Tax.
There has been a flurry (and in a slump period) of secondary investor properties to the market in recent weeks, no doubt to avoid the anticipated increase that Starmer suggests could be present in this year’s ‘painful’ budget.
We know the Government have already mentioned a £22 Billion hole and this could be one way it’s seen as easy pickings to plug.
Capital gains tax is charged on the profit made from the sale of increasing assets, such as second homes or business shares or investments. This is usually fine in a business environment but what if your average retiree has invested his pension or hard-earned cash into a retirement second property or similar investment?
Years ago, Whisky investment was only available to those connected to the industry, distillery workers, bottlers and suppliers and re-sellers. Some distilleries operated an in-house whisky investment programme aimed at people within their own circles. At Whisky investment UK we have specialist brokers that now have access to some of Scotland’s best cask whisky through years of connections and know how.
Savvy investors already buying whisky will know that there is no Capital gains tax to be paid on whisky when left in Cask, and this is most certainly a very tax efficient investment in today’s market. The cask whisky whilst kept in a bonded warehouse and inspected regularly by HMRC remains VAT exempt or ‘duty free’
If you would like to discuss cask investment further, be added to our weekly mailer and cask list then please do not hesitate to get in touch:
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The Energy Centre, Basildon, Essex,
SS14 3BE (Head Office)
The Speyside Business Centre,
8 West St, Fochabers, Scotland IV32 7D
Head Office: 01268 204 142
Speyside: 01343 610 224
WOWGR: GBOG119867200
