Simplifying Whisky Cask Ownership
As an alcohol product, the warehousing and movement of whisky casks is strictly controlled by HMRC, and all Scotch whisky casks must be kept in a government bonded warehouse in Scotland until the time at which they are bottled. This extensive oversight ensures the provenance of the assets can be verified to uphold the integrity and quality of the entire Scotch whisky industry.
Due to these restrictions, any individual or entity who wishes to purchase a cask has previously been required to first establish an account with a government bonded warehouse before they would be allowed to hold casks in their name. Additionally, if the party was deemed to be acting as a commercial entity due to bottling casks or acquiring a significant quantity of casks, then the purchaser was also required to become WOWGR registered.
However, Braeburn Whisky has simplified the process by which individual investors can purchase whisky casks by pioneering the first portfolio management service which allows investment in whisky casks without the traditional complexity.