Facts and Figures
(Source - Scottish Whisky Association)
The Scotch Whisky market is in its infancy and has been largely overlooked this century.
Given the Angel's Share (approximately 2% per annum), HMRC considers whisky casks held under bond to be wasting chattel and therefore CGT exempt.
Unlike equities and bonds, whisky casks are tangible assets with an intrinsic value; this means they cannot go bust.
- Only 8% of Scotch is kept as single malt, the other 92% is used for blending
- The blending industry generates 25% of all UK food and beverage exports
- The Scotch Whisky industry supports salaries worth £1.4bn
- The British government takes £3bn a year in tax on whisky sales
- In 2015, the market generated close to £4.95bn
- 1.2 billion bottles sold every year
- 93% of Scotch Whisky is exported
- 38 bottles of Scotch Whisky are shipped overseas every second
- 20 million casks are currently maturing in Scotland, yet only 15% of these casks are over 5 years old
- France sells more Scotch in one month than they do Cognac in one year