Tax Deal To Uncork India For Wine Investors -- The Telegraph
When Hong Kong scrapped all taxation on alcohol sales in 2008, it sent the price of investment wine into the stratosphere. Tax cuts on wine purchases are now set to happen in India, so will a new flood of buyers reverse recent price declines?
Bordeaux first growths are the most traded commodity in the wine market – and the price has been slumping since March.
The Liv-ex Fine Wine 50 index tracks these young wines, and the recent decline has shown no sign of stopping. The index has plunged by almost 23pc over the past year, but is still showing gains of 70pc over the last five years.
However, the Liv-ex Fine Wine Investables index, which is designed to mirror a typical wine investment portfolio, is more important for ordinary investors.
The index peaked in January and prices are down 17.1pc in the last 12 months, but are still showing a 55.2pc five-year gain.
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My Comment: India has a booming economy and growing middle class .... so why not.
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