There are no guarantees when it comes to how the value of your whisky will change over time. However, whisky does generally increase in value as it matures, which is why it has become such a popular collector’s item.
There are various factors to consider when deciding which whiskies to add to your collection, including age, distillery, blend, availability, edition, reviews, price, demand, and much more. Our in-house whisky experts can help you to find the ideal casks to match your objectives.
Storage is extremely important, both in terms of preserving the quality of your asset and keeping it secure. Once purchased, your whisky will be stored within your personal account in a controlled environment at one of the UK’s leading HMRC Government regulated independent bonded warehouses.
Storing your whisky at your own premises is not typically recommended. Keeping your whisky at an HMRC Government regulated independent bonded warehouse is advisable at it maintains the provenance of the asset and can, therefore, enhance its value. Additionally, storing your whisky in a bonded warehouse will ensure it remains in a controlled environment and, therefore, in optimal condition.
Remember – there are tax benefits associated with storing your whisky at an HMRC-regulated bonded warehouse, so consider this carefully before you decide to remove it.
Absolutely. Insurance helps to protect your investment. The bonded warehouse storing your assets will either provide insurance cover as part of their storage charge or you will be offered cover via an independent insurance company that specialises in whisky insurance.
Once ownership is transferred, you are the legal owner of your whisky, and your storage contract is between you and the relevant bonded warehouse. As a result, UKV International AG have no control or access to your whisky.
If you choose to, you can remove your whisky from the bonded warehouse and consume it. Bottling and/or delivery arrangements will be agreed upon by you and the warehouse storing your whisky. It’s important to be aware, however, that you will become liable for Import Tax and VAT when the whisky is taken out of an HMRC-regulated bonded warehouse and bottling fees may also apply.