Passion assets · Explainer
Wine investment in the UK: indices, bonded storage, tax and scams
Fine wine pays no income, is costly to store and sell, and sits outside FCA regulation. Prices have been weak: at the end of September 2026 the Liv-ex Fine Wine 1000 was 12.6% below its October 2021 level, though 2.1% higher than a year earlier. Capital gains tax may not apply if HMRC treats the wine as a wasting asset.
