FAQ / Storage & Taxes
How are gains from my wines taxed?
Your taxable gains from wine depend on where you live.
In the United States, if you buy or sell wine through Vinovest, gains are subject to collectibles taxes. In the United Kingdom, fine wine is considered a wasting asset. Therefore, you likely won’t have to pay a capital gains tax. The same applies to clients in Hong Kong, Singapore, Germany, France, and Austria, among other places.
Contact your tax advisor for more information.