Terms and Conditions
Last updated: 14 May 2026
These terms govern the supply of cask whisky and related services by The Malt Club Limited (“Malt Club”, “we”, “us”) to you. Please read them carefully before entering into a Contract. By placing an order you confirm that you accept these terms.
Material information
- Whisky cask investments are unregulated in the UK.
- The value of your investment can go up as well as down and you may get back less than the amount invested.
- A 14-day cooling-off period applies to all Contracts, during which you may cancel and receive a full refund.
- Spirit volume diminishes gradually during maturation (the “angels’ share”).
- New Make spirit requires a minimum 3-year maturation before it may legally be called whisky, and Scotch whisky must remain at or above 40% alcohol by volume.
- Storage, insurance, management and sales fees are set out below. Any applicable taxes and duties are payable separately.
Definitions
Account: the account held by Malt Club with the Warehouse.
Certificate of Acquisition: the order documentation for Products issued to you.
Conditions: these terms and conditions, as amended in writing from time to time.
Contract: the agreement between you and Malt Club for the supply of Products.
Non-Excluded Liability: liability for death or personal injury caused by negligence, or any other liability that cannot be excluded by law.
Price: the cost of the Products specified in the Certificate of Acquisition.
Products: the whisky or spirits described in the Certificate of Acquisition.
Supplier: the person or persons supplying the Products to Malt Club.
Trading Price: the current Malt Club sale price for an equivalent product.
Warehouse: the HMRC AWRS-licensed bonded storage facility in Scotland nominated by Malt Club from time to time.
Storage, insurance and management fees
- For the first 12 months following the Contract Date, storage and insurance are included in the Price.
- From the first anniversary onward, standard annual charges apply: storage at £40 per annum plus VAT, and insurance at £10 per annum plus VAT.
- A management fee of 1% per annum is charged in arrears on the portfolio value, in return for administering the Account and the Warehouse relationship.
- Invoices are issued on each purchase anniversary and are due within 30 days. Fees may be increased; advance notice will be provided.
Removing casks from the Warehouse
If you ask for a cask to be removed from the Warehouse or transferred out of bond:
- You will be responsible for the reasonable costs of removal or transfer.
- The risk of loss or damage passes to you as soon as the Products leave the Warehouse.
- You will be responsible for any duty, VAT or excise becoming due as a result of the removal.
Sale of Products and realising your investment
- You may instruct Malt Club to arrange the sale of your Products at any time.
- On request, we will provide our Trading Price for an equivalent product. The Trading Price may be higher or lower than the Price you originally paid.
- Malt Club must be given the first opportunity to purchase any Products you wish to sell.
- We recommend a minimum hold of five years to allow the maturation curve to add value. Earlier sales may yield significantly lower prices than the original Price.
- A sales commission of 5% is charged on the gain (the difference between the Price and the sale price). The commission may be offset against sale proceeds received on your behalf.
- Condition checks are required prior to sale. Products must remain in their original wooden casing, with fully intact original labels, and in excellent condition.
- Sales timelines vary based on Product value, quantity, complexity and current market conditions.
Warranty and liability
Malt Club gives no warranty as to:
- The future suitability of the Products as an investment. Past performance is not a reliable indicator of future returns.
- Maturation outcomes. Leakage and spoilage are inherent risks in cask maturation and are not generally recoverable through insurance.
- Any comparison between the Trading Price and prices that may be available from other operators.
Malt Club undertakes to:
- Engage qualified, reputable third parties to operate the Warehouse on an AWRS-licensed basis.
- Ensure that Products held in bond are insured with a reputable insurer.
- Carry out its duties with the professional skill, care and diligence customary in the market.
Except in the case of Non-Excluded Liability, Malt Club’s total liability arising out of or in connection with the Contract, whether in contract, tort, negligence or otherwise, is limited to the Price paid for the Products. Telephone conversations may be monitored for training and quality purposes.
Taxation
Tax treatment depends on individual circumstances and may change in future. Cask whisky stored in bond is currently treated by HMRC as a wasting asset under section 45 of the Taxation of Chargeable Gains Act 1992, meaning gains on disposal are exempt from Capital Gains Tax. Removing the spirit from bond into bottle alters the duty position. We strongly recommend taking your own independent tax advice before entering into a Contract.
Cooling-off period
You may cancel any Contract within 14 days of the Contract Date for any reason and receive a full refund. Cancellations must be sent in writing to info@maltclub.co.uk.
Governing law
These Conditions and any Contract are governed by the laws of England and Wales, and you and Malt Club agree to the exclusive jurisdiction of the courts of England and Wales for any dispute arising in connection with them.
Contact
Trading address: 24.07 + 24.08, 24/25 The Shard, 32 London Bridge Street, London SE1 9SG.
Registered address: 2nd Floor Regis House, 45 King William Street, London EC4R 9AN.
Phone: +44 (0) 800 046 3333
Email: info@maltclub.co.uk
The value of your investment may go down as well as up and you may get back less than the amount you invested. Seek independent professional advice before investing. You must be 18 or over to invest.