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Wines in bond, or simply 'in bond', are purchased wines held in a bonded warehouse, which have not passed through customs, with no Duty and VAT paid on them.
Often, wine brokers and merchants will buy wine in bond because it saves having to pay VAT and Duty on the wines if they are most likely going to be resold. Under UK law, they must be stored in a bonded warehouse approved by HM Revenue and Customs.
Video Wines in bond
See also
- Bonded warehouse
- Investment wine
Maps Wines in bond
References
src: assets.mshanken.com
External links
- The London Wine Cellar - Wine Bonds Guide
- This is Money - Investing in Wine
Source of article : Wikipedia
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