Take advantage of tax deductions for the purchase of a work of art..

« Build up a Collection of Contemporary Art, beautify your waiting rooms and halls and save on your taxes ! »

 

Under the terms of article 238bis AB of the General Tax Code, companies that buy works from living artists benefit from advantageous tax provisions.

For works donated the acquisition price and less than € 5,000 excluding tax, companies and liberal professions can deduct the purchase price from the result of the acquisition exercise and the following 4 years by equal fractions. This profit is granted on condition that the works are exhibited free of charge in a place "accessible to the public, to customers and / or employees of the company, excluding personal offices".

- Contact your legal advisor for more information.

Texts of laws : Click here