Will I Have to Pay Capital Gains Tax?

Last modified: July 23, 2023
You are here:
Estimated reading time: < 1 min

The good news is that whiskey casks are classified as wasting assets and are not subject to Capital Gains Tax (CGT). The classification is due to the evaporation and absorption of whiskey into the porous wood of the cask over time, known as The Angels’ Share. This annual loss of alcohol makes whiskey casks qualify for the CGT exemption. However, regarding any tax-related matters, we strongly advise seeking independent advice from a reliable and trustworthy source or referring to Gov.UK for more information.

Was this article helpful?
Dislike 0
Views: 30


Complete the simple form to download your FREE Whiskey Guide

Do you Invest in any luxury or collectible goods?
How much would you consider investing in whiskey over the next 12 months?
When are you planning to invest?
Your FREE guide is ready for download. Who should we address the guide to?