Acquisition & Taxation
Investing in a Work of Art
An Aesthetic and Financial Choice
Acquiring a work of art means bringing a unique piece into your living space.
It is an aesthetic choice, but also a decision that can be part of a medium- or long-term approach to building wealth.
LASTING VALUE
Works of art appreciate in value over time.
Purchasing a work of art can therefore be part of a wealth diversification strategy alongside other assets.
It is a tangible investment, independent of the financial markets, that can be held for the long term.
TAXATION FOR INDIVIDUALS
The acquisition of a work of art is, above all, an aesthetic and heritage-related decision.
It does not result in an immediate tax deduction.
Works of art are subject to a specific tax framework that is worth understanding.
Pendant la détention
Les œuvres d'art sont exonérées d'Impôt sur la Fortune Immobilière (IFI) tout au long de leur détention.
In the event of resale
Sales of 5,000 euros or less are completely exempt from taxation.
For the resale of a work priced above 5,000 euros, a flat-rate tax of 6.5% of the sale price applies, or a capital gains tax (36.2%)
with a 5% annual deduction
starting in the third year, resulting in full exemption after 22 years.
Transfer
Works of art can also be part of a strategy for transferring assets
(through donation or inheritance).
They constitute a tangible asset, the management of which can be integrated into a comprehensive approach to wealth management.
TAXATION FOR PROFESSIONALS & BUSINESSES
For businesses, the purchase of a work created by a living artist qualifies for a specific tax provision, governed by Article 238bis AM of the General Tax Code.
A regulated deduction mechanism
Businesses and professionals may deduct the purchase price of an original work of art from their taxable income.
This deduction is applied on a straight-line basis over a period of 5 years, including the year of acquisition, up to a limit of 0.5% of annual revenue.
This mechanism allows the acquisition of a work of art to be considered as part of a comprehensive strategy that takes into account both asset management and tax considerations.
Eligibility Requirements
The artwork must be original and created by a living artist.
The asset must be recorded as an asset of the company.
The artwork must be displayed in a location accessible to employees or the public for 5 years.
An aesthetic and strategic approach
Beyond the tax benefits, incorporating a work of art into a professional space helps establish an identity, enrich the work environment, and project a sensitive and committed image.
The artwork then becomes a means of dialogue, distinction, and enhancement, at the intersection of artistic creation and corporate strategy.
A PERSONALIZED SUPPORT