Vineyards And Wineries: Tax

They might be hidden underground, but roots provide physical support and a channel for water and nutrients to make their way to the grape. The same is true of legal structures.

How land, assets and businesses are structured make a major difference to the management and distribution of income and tax. For example, it can be more tax efficient to hold a vineyard in a trust or partnership than as individuals or companies. Tax advantages should be weighed against increased management and governance obligations that alternative structures generally demand. Structure is especially important for international buyers.

Corporate

Just as an early frost can ruin a crop, an unexpected tax bill can ruin your cash forecast and harm both investment and distribution. Tax will present itself at every stage so at a business level, keep in mind the following: