Facts & Questions
Why is whisky so popular among Investors currently?
Whisky has proved itself to be an excellent alternative investment. As a tangible asset, it offers more financial security than stocks and shares and the nature of Whisky means that it rises in value as it matures. Historically, Whisky has delivered returns of 15% pa over the last decade and whisky casks are amongst the safest and most secure assets you can hold.
Will I have to pay Capital Gains Tax?
No, whisky casks are classed as a wasting asset. As such, they’re not subject to Capital Gains Tax. Because of alcohol lost to the Angels’ Share, on average 2% per year, HMRC classifies whisky in casks as wasting goods, therefore the CGT exemption applies.
Is there a minimum purchase price?
There is no minimum purchase price for PrinceTown whisky casks. Dependent on the stock available at the time, the minimum purchase price is the price of the lowest value cask available but price could vary on a daily basis.
How long should I hold my cask?
We will discuss this with you in detail before your purchase so we can tailor your exit strategy to your exact needs, but usually we recommend a minimum of 5-10 years. However, the longer you hold, the more the whisky improves, the rarer it becomes and thus larger returns can be realised.
Is there a minimum purchase quantity?
The minimum purchase is a single barrel of Princetown Whisky
Where will my cask be stored?
Your cask of Princetown whisky be stored in the Ditillerys fully Bonded and regulated warehouse onsite in Princetown once it is laid down
What is The Angel’s Share?
The Angel share is the amount of whisky that is lost during the ageing process. In order for whisky to properly age, it has to breathe. Anytime you store a liquid in a non-airtight container, you will lose some to evaporation.
Can my Whiskey cask be passed on to my family?
Your cask whiskey certificate of ownership proves your ownership and this can be named and handed to the beneficiaries of your last will and testament.
Is my cask insured?
The full value of your cask is insured for fire, theft and accidental damages. In the unlikely event of a claim you would be entitled to the full market value of the cask at the time of the claim.
Is cask whisky regulated?
No, Cask whisky is not regulated. Cask whisky falls under the regulation of HMRC. Cask whisky is classed by HMRC as a ‘wasting asset’ and is not regulated by the Financial Conduct Authority (FCA) who govern ‘regulated’ financial investments.
Where exactly is Princetown Distillery located?
After a 4 year quest to find the perfect location, Princetown Distillers found our home here among the rugged granite tors and the shrouded peaks of Dartmoor, where a unique coolness optimal for whisky distillation prevails throughout the year.
Can I visit the Distillery?
Yes, visitors are more than welcome. Please feel free to come by but it is advisable to call to make an appointment.