by Wine Owners

  • Share with

Posted on 2021-05-05

You may have noticed that we have hundreds of wines listed for sale DP on the exchange. Here are some of the most common questions we receive around buying Duty Paid (DP) wine on the secondary market from other people like you. 

What does Duty Paid mean and what is the benefit of buying DP wine from the secondary market?

Merchants or brokers selling wine on behalf of clients must apply 20% VAT on every sale, regardless of whether or not the wine has already had VAT and Duty paid by the previous owner.

This does not apply to private individuals (other collectors like you) who sell via the trading exchange. The only VAT applicable on Duty Paid wine purchases is on our commission and the delivery charge.

Buyers and sellers both benefit from this setup, with more of the sale proceeds pocketed by a seller and 20%+ lower all-in purchase prices for the buyer. By connecting private sellers to private buyers, everyone wins.

All Duty Paid wines offered for sale are held in professional warehouses, so inspections can be carried out if required and the majority have either been stored professionally since first purchased, or come from good quality home cellars of impassioned collectors. Remember, if you request an inspection report and you don’t like the inspection photos we send to you, we cancel the trade and refund your inspection fee.

How to buy Duty Paid on the Wine Owners peer-to-peer trading exchange?

To see hundreds of Duty Paid offers, click the orange “Duty Paid” button shown below on the Fine Wine Exchange.

As ever, if you have any questions, please get in touch with us and we'll be happy to help! 

Team WO 

Posted in: on 2021-05-05.

Blog Search

Get a fully inclusive Robert Parker subscription

Robert Parker’s insights are an essential information resource if you have an interest in wine. We are thrilled to share that content with our Premium members, and offer the most complete experience for the collector and wine lover.

Normally $99/y, it is available free as part of the Wine Owners’ premium plans.


Subscribe to The Collector

Get market insight delivered directly to your mailbox by subscribing to our newsletter. Please complete the form below to request our free email newsletter.

Processing label...

Sorry, we could not process your request.

Try again Enter manually

Take Snapshot Cancel Cannot see an image?
If you cannot see an image coming up, please check your security settings of your browser. Blocking of the webcam can also be indicated by a red icon in your address bar.
Processing upload...