WHAT IS A BONDED WAREHOUSE?
What is a bonded warehouse and why do you need to know when you are buying a cask of whisky?
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What is a Bonded Warehouse?
Video Guide 9 of 10
As HMRC is owed billions of pounds worth of tax on the millions of barrels of whisky currently maturing in Scotland, they like to keep close tabs on where they all are. A cask must therefore be stored in a bonded warehouse with the proper licences in order for it to be exempt from duty. When you come to buy or sell that cask you must know where that warehouse is and what access they allow.
When you are looking a buying a cask you need to ask where it will be stored, and if you are able to visit and draw samples and bottles. If the answer is yes (hopefully, but not always) you should also check to see if there are any limits to how many bottles or samples you can draw.
When it comes to selling your cask you also need to know where that bonded warehouse is as the potential buyer will want to know – either to move it to their own warehouse or just simply for the proper licenses to be drawn up.
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Storing your cask with Mark Littler Ltd
At Mark Littler LTD we believe owning a cask should be an experience, and we have an exclusive relationship with a bonded warehouse to allow you to go and visit your cask by appointment.
You can take pictures, draw bottles and samples (admin fees apply, and you have to pay duty on any bottles drawn) so that you can enjoy your cask as it matures.
If you want to know more about buying a cask of whisky, please explore the other videos in our guide. We have also created a comprehensive, 50-page Cask Buying Guide, which you can receive for free to help you make an informed decision on buying and investing in casks of whisky.
Advice You Can Trust
Since 2016 our aim has been simple – to provide a trustworthy source of information to help people make sound decisions when they are selling their items. To date we have sold millions of pounds worth of antiques and whisky (both casks and bottles) for our clients.
We’re now applying this same logic to help people invest in casks of whisky. Rather than providing sales pitches disguised as educational material, it’s our mission to become the ultimate source of open and honest cask investment guidance.
The information you will find in OUR GUIDE, CASK VIDEOS, BLOG and CALCULATOR is all designed to help you make a balanced decision. We would rather you knew all the facts and didn’t buy a cask than buy one based on ‘fake news’.
Learn More
What is a bonded warehouse and why do you need to know when you are buying a cask of whisky?
Watch More
What is a Bonded Warehouse?
Video Guide 10 of 10
As HMRC is owed billions of pounds worth of tax on the millions of barrels of whisky currently maturing in Scotland, they like to keep close tabs on where they all are. A cask must therefore be stored in a bonded warehouse with the proper licences in order for it to be exempt from duty. When you come to buy or sell that cask you must know where that warehouse is and what access they allow.
When you are looking a buying a cask you need to ask where it will be stored, and if you are able to visit and draw samples and bottles. If the answer is yes (hopefully, but not always) you should also check to see if there are any limits to how many bottles or samples you can draw.
When it comes to selling your cask you also need to know where that bonded warehouse is as the potential buyer will want to know – either to move it to their own warehouse or just simply for the proper licenses to be drawn up.
Send me my free cask buying guide
Storing your cask with Mark Littler Ltd
At Mark Littler LTD we believe owning a cask should be an experience, and we have an exclusive relationship with a bonded warehouse to allow you to go and visit your cask by appointment.
You can take pictures, draw bottles and samples (admin fees apply, and you have to pay duty on any bottles drawn) so that you can enjoy your cask as it matures.
If you want to know more about buying a cask of whisky, please explore the other videos in our guide. We have also created a comprehensive, 50-page Cask Buying Guide, which you can receive for free to help you make an informed decision on buying and investing in casks of whisky.
Advice You Can Trust
Since 2016 our aim has been simple – to provide a trustworthy source of information to help people make sound decisions when they are selling their items. To date we have sold millions of pounds worth of antiques and whisky (both casks and bottles) for our clients.
We’re now applying this same logic to help people invest in casks of whisky. Rather than providing sales pitches disguised as educational material, it’s our mission to become the ultimate source of open and honest cask investment guidance.
The information you will find in OUR GUIDE, CASK VIDEOS, BLOG and CALCULATOR is all designed to help you make a balanced decision. We would rather you knew all the facts and didn’t buy a cask than buy one based on ‘fake news’.
Learn More