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LATEST NEWS & EVENTS Wine investors "misled"  Wine investors have been accruing large tax bills that may affect their future wills and inheritance tax planning. This is according to a representative of UHY Hacker Young accountants, who has claimed that there is a misconception among investors, who often believe that the value of wine investments is predicated on the price of wine. UHY Hacker Young accountant Mark Giddens said: "Wine investments are sometimes made in a very salesy and high pressure environment and good salesmen always sound plausible – some may not even know they are giving incorrect tax advice." The accountancy firm has also claimed that wine investment has been perceived by HM Revenue and Customs as a "wasting asset", with suggestions that wine is only valued for its pricing. Meanwhile, wine company LVMH has announced that sales in the wines and spirits market have seen an increase to €2.15 billion (£1.88 billion) in the opening nine months of 2010, which is a 22 per cent comparative increase from 2009. Posted by Gaby Hamerton 
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