Tax deduction for Artwork
When companies buy art ! Tax deduction Artwork Companies that buy original works by living artists for display to the public can, under certain conditions, deduct the purchase price from their taxable income.
The companies concerned are:
- Companies subject to corporation tax (IS) (automatically or optionally)
- Individual businesses subject to income tax in the BIC category. Warning ! Works purchased for resale are included in the company's inventory and do not qualify f