There have been good returns in the past.Any other information on the risks of investing in whiskey would be welcome too.
That's what my thoughts were when he said he got tax back.I remember getting a circular about Nephin whiskey who were setting up in Mayo, to invest in them under an EIIS scheme, not sure if that was for a cask or not...
I was just reading though said company is the courts involving a Director falling out and need for new investment.
That's some of the reasons I posted here. I have no doubt that the investment is legitimate, but it's the tax clawback I still cannot understand even in a minute way. The distillery involved is based in Co Cork.perhaps your first port (no pun intended!) should be to your friend. It sounds a bit "too good to be true" from the above. Why would you get an income tax clawback of 2000 for buying a cask of whiskey and subsequently making a 10% to 12% return on investment. At those rates, I don't think it's per annum.
They're not ethical investments, they are ESG investments. It is totally different and many of the big companies held in a typical index are held in ESG funds. There is EU regulations in place for fund managers and those giving advice to consider sustainability when recommending investments. It will be adopted more in the future, not less.Aswell as that you have to take into account the increased regulation of the alcohol industry and the possible ban on advertising like what happened the tobacco industry. If governments were to ban alcohol advertising how would a new brand of whiskey get off the ground ?
Already some of the big breweries are being abandoned by "ethical investment" funds because they are now regarded as Sin stocks, although the "ethical investment" trend could turn out to be another bubble
fair enough, yes Environmental Social and Governance funds, whats the difference? in any case I doubt ESG funds would be including whiskey distilleries in their portfolio when they are now abandoning mainstream breweries ?They're not ethical investments, they are ESG investments. It is totally different and many of the big companies held in a typical index are held in ESG funds.
I might well be wrong Leper, but I believe the "whiskey brand" you're thinking of investing in, and the people involved in it, might well have history in getting people to put their money into other investments they launched that went pear shaped. No names being mentioned here but you probable know what I'm talking aboutThat's some of the reasons I posted here. I have no doubt that the investment is legitimate, but it's the tax clawback I still cannot understand even in a minute way. The distillery involved is based in Co Cork.
I reckon there's no question of me marketing Leper Whiskey and the option is there to sell at any time preferably before the end product is ready. I have checked out the distillery's website and everything appears above board. Or perhaps it's that I'm financially naive.
It's quiet a significant difference. You should read up on it, ESG will become the norm.fair enough, yes Environmental Social and Governance funds, whats the difference? in any case I doubt ESG funds would be including whiskey distilleries in their portfolio when they are now abandoning mainstream breweries ?
It's unlikely that most of your 'buy a cask' schemes would provide a tax rebate.1. I'm still none the wiser regarding the tax clawback aspect of my post. Why would an investor get such a refund? What amount is refundable? How is it calculated?
Its extremely expensive. I've the full costs somewhere, but by the time you pay warehousing and insurance, then excise duty, cost of bottles and bottling, you could buy a very very nice known single malt for the same money. I might still do it, but you need your eyes open.4. I visit my local bookies most days and usually do not write a docket (I do a fun bet or two every four weeks or so). If nothing else, I get a free read of the Racing Post. But, I'm not adverse to gambling a couple of grand on whiskey. The possibility of Leper Single Malt Oak Barrel brand being launched appeals to my occasional humorous tendencies though.
ok, you are looking at the tax relief as an additional return on this investment. But it is also available on all other EIIS. A lot of stockbrokers run EIIS every year. They assess all the applications that come in to them and create a fund, spreading the risk across a number of small to medium size business, reducing your overall risk, thereby increasing the chance that you get your money back and more. And you get tax relief on your contribution too.1. I'm still none the wiser regarding the tax clawback aspect of my post. Why would an investor get such a refund? What amount is refundable? How is it calculated?
2. Steven Barrett (above) informed me he would want 20% return on such an investment such is the risk involved. The refund of tax would be in addition to this. I'd take 10% per annum gladly.
3. Noproblem posted that the people propagating the investment were involved in loss making investments in the past. Perhaps it's my naivité but I do not know the names of the people involved.
4. I visit my local bookies most days and usually do not write a docket (I do a fun bet or two every four weeks or so). If nothing else, I get a free read of the Racing Post. But, I'm not adverse to gambling a couple of grand on whiskey. The possibility of Leper Single Malt Oak Barrel brand being launched appeals to my occasional humorous tendencies though.
"Leper Single Malt, a drink that genuinely affects your body parts" there's one marketing slogan.Thanks you all for your informative posts. Steven Barrett went to some trouble in posting, again special thanks. Red Onion also went to some trouble supports hobby rather than investment. But, when all is considered I think the whiskey/whisky I bring back from our travels abroad exceed value as far as investment is concerned. But, you never know . . . one day you could come across a few bottles of Leper Single Malt (Triple Distilled) and perhaps some of us on AAM could share them along with the angels on Celtic Whiskey Cask Sales.
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