Investing In Scotch Cask Whisky.
New research has shown that during the current economic climate, many Brits have lost trust in several traditional means of investment. Over a third (36%) no longer have faith in savings accounts, 33% lack confidence in crypto currency, and more than a quarter (26%) say they can’t rely on stocks and shares.
Perhaps most interestingly, over half (52%) of adults say their loss in trust is due to the failings of the UK government – with the Covid-19 pandemic (38%) and the Ukraine/Russian conflict (36%) also among the highest reasons.
But despite many losing faith in traditional investing, more than half (52%) wouldn’t consider alternatives, such as antiques and vintage coins. However, one unorthodox method that may be worth a further look is vintage cask whisky investment, as it has the potential to be very lucrative.
The public can purchase a cask of whisky, wait for it to mature, and then either sell it for a profit or enjoy the product themselves. The Scotch Whisky industry provides £5.5bn in Gross Value Added to the UK economy, with exports worth more than £3.8bn. What’s more, whisky casks are classed as a “wasting asset” by HMRC and so are not subject to Capital Gains Tax.
So what alternatives are there if you’re looking to safely invest your money and get a good return?
Sam Brooks and Mike Webb from Vintage Acquisitions, who specialise in vintage cask whisky discuss the options for investment.
Visit https://www.vintageacquisitions.com/media/ to download the free investment guide.