About this lot

Description

Toro Albala Montilla Moriles Don PX Gran Reserva 1946, 2 half bottles.This wine is in bonded storage with Laithwaites. It is offered in bond only, but will be available duty paid. The buyer has a choice of taking the item in bond (with the sale being made in bond) or taking the item duty paid. The auction bidding is at 'in bond' prices, and as such this is treated as a normal margin scheme sale with the buyer paying the buyer's premium at 21% on the hammer price. If taken duty paid, as well as being charged the buyer's premium, the buyer will also be invoiced for the additional duty at the current rate and import VAT at the standard rate (currently 20%) on the hammer price plus duty. Buyers taking their wine 'in bond' must at their expense arrange collection of their purchases either by a shipper with a bond movement guarantee or by a registered tax warehouse. If the buyer subsequently wishes to remove the wine from bond, they will need to pay duty at the current rate, plus VAT at 20% on the total price including the purchase cost. There may also be other charges including delivery and handling.

Back to lot listings