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What does in bond mean when buying wine?


Ask Decanter
Seen wine prices listed as in bond ? Here s what it means.
Wines that are sold ‘in bond’ have not had the duty and VAT – also known as sales tax – paid on them. This is a particularly common way to buy wine for investment, and is also used for wine that is purchased
Why would you buy ‘in bond’?
Investment is one reason to buy in bond; you can’t do much about the state of the fine wine market, but you can look after your wine.
‘Fine wine matures once bottled and improves with age,’ said Simon Staples, speaking to Decanter.com in 2018 when he was Fine Wine Sales Director, at Berry Bros & Rudd. He is now director of private clients for Lay & Wheeler. ....

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