Whisky cask ownership: how does investment work and do you have to pay tax on any profits?

Want to invest in something a little bit different?

This is paid for content on behalf of Whisky partners, and does not necessarily reflect the views or advice of the Yorkshire Post.

When it comes to safely storing your money, the choices at first might appear limited between either low returns or high risk. However, amongst the traditional saving methods is another form of investing your money, a tangible asset like no other.

Undisturbed by market trends, global politics or viral social media posts, Scotch Whisky casks mature gently, hidden away from the spotlight that affects so many traditional investments. As the whisky inside matures, it takes on more flavour and grows in value.

- Capital Gains Exempt - Keep Every Penny Of Your Profit

- Storage and Insurance costs included

- Bespoke professional advice from a dedicated Portfolio Manager

Download Whisky Partners’ Free Guide here.

And because Whisky Casks naturally evaporate around 2% of the alcohol inside per year, they are classed as a wasting asset and therefore exempt from Capital Gains Tax. This means you keep every penny of your profit.

Could you find your next investment opportunity in a heritage distillery in Scotland?

A spokesperson for Whisky Partners said: “Here at Whisky Partners, we help people from all walks of life with their cask ownership journey. What was once a hidden investment, reserved for the elite few in the know can now be enjoyed by all. Purchasing casks in bulk from leading Scotch Whisky distilleries, we are able to pass the savings onto our clients, making the barrier of entry as low as possible, with options starting from just a few thousand pounds.

“To legally be classed as Scotch Whisky, the new make spirit created by the distillery must mature in a cask for at least three years and a day. Although this change does increase the value of the cask, in general the most desirable whiskies are those known as age statements with casks and bottles over ten years of age worth considerably more.

“With this in mind, Whisky Cask ownership should not be seen as a short term gain. The best results come from those willing to own their casks for longer periods of time, allowing enough time for the liquid inside to mature into the smooth, golden liquid the world desires.”

He added: “When it comes time to sell your cask, we will be by your side, helping you take advantage of our vast industry contacts to ensure you get the best deal. With six possible exit strategies, including selling at auction or to fellow investors, Whisky Partners can even help you bottle your own cask should you wish. It’s your cask, your choice.

As the whisky inside matures, it takes on more flavour and grows in value.

“We believe cask ownership should be as simple as the drink itself. The launch of our brand new app, available on both iOS and Android platforms, allows our clients to securely browse, purchase and manage casks from anywhere in the world. With secure access to casks, certificates and legal documents, the app is revolutionising the cask-ownership experience.”

Securely stored in bonded warehouses in Scotland, all purchases include storage costs plus insurance for complete peace of mind. With your Senior Portfolio Manager by your side throughout your ownership, Whisky Partners make investing whisky a simple and straightforward process.

With rising interest rates and traditional investments offering diminishing returns, is this the time to explore the world of alternative investment?

For more information and to begin investing, download Whisky Partners’ free guide.

This is paid for content on behalf of Whisky partners, and does not necessarily reflect the views of the Yorkshire Post. As with all financial investments, your investment may go down as well as up, and people re recommended to take financial advice.

Raise a glass to whisky investment – how whisky cask ownership works