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  • When am I charged for VAT/tax?

How are gains from my wines taxed?

Your taxable gains from wine depend on where you live.

In the United States, those who purchase or sell wine are subject to collectibles taxes. In other countries, fine wine is considered a wasting asset, meaning that capital gains taxes are not due. This applies to clients in the United Kingdom, Hong Kong, Singapore, Germany, France, Austria and many other places as well.