The first tax you would normally have to worry about is value-added tax, alongside import duty charges. Since Vinovest stores wine in bonded warehouses, you are exempt from any of those charges. Next comes the issue of capital gains taxes, or taxes you pay on the profit you’ve made from sales. The rules concerning capital gains taxes can differ based on your location. In the U.S., you will be subject to capital gains taxes on every purchase. If you ever want to pass down your wines, keep in mind that there are no inheritance tax benefits. However, if you transfer your collection to someone else at least seven years before your death, the new owner can receive the same tax advantages you had. If you are unsure of the tax implications of your portfolio, it is best to contact a tax specialist.