Buying a work - Taxation
Taxation for businesses
Under the terms of article 238bis AB of the General Tax Code, companies that buy works by living artists benefit from advantageous tax provisions.
For works whose acquisition price is less than €5,000 excluding taxes, 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 benefit is granted on the condition that the works are exhibited free of charge in a place “accessible to the public, customers and/or employees of the company, excluding personal offices”.
“Build up a collection of contemporary art, beautify your waiting rooms and halls and save on your taxes! »
Consult the legislation.
