Invest in Art

We have listed the 10 most important questions to ask a wealth management advisor for advice on buying works of art tax-exempt, rental with option to buy, leasing or multiple payment.

In Spain, there is no specific tax exemption for artwork purchases, but factors such as personal use, capital gains tax, inheritance and gift tax, and cultural heritage deductions can potentially reduce the tax burden, and consulting a tax advisor is advisable to navigate the complex regulations and explore potential benefits.

In Singapore, while there is no specific tax exemption for the purchase of artworks, options such as the GST Tourist Refund Scheme for non-residents, the Approved Museums and Heritage Institutions Scheme for artwork donations, and the Cultural Matching Fund grant-matching scheme can potentially provide tax benefits or incentives related to artworks, and it is advisable to consult with a tax advisor or relevant tax authorities for specific advice.

In Germany, tax exemptions or benefits for purchasing a work of art can be obtained through provisions such as artist exemption, deducting as a business expense, inheritance tax exemptions, and donating to tax-exempt organizations, but it is advisable to consult with a tax advisor or the relevant tax authority for accurate and updated information on eligibility and regulations.

Different tax exemption measures exist in France for the purchase of works of art, such as the donation in payment, corporate sponsorship, private sponsorship, the Historic Monuments regime and the deferral of taxation, but they are subject to specific conditions.

The tax deferral system in France allows taxpayers subject to the IFI to buy a work of art and defer the taxation of its value as long as it is kept in their assets, for a fixed period, but taxation will be due if the work is sold before the end of the period.

During the purchase and conservation of a work of art in a property classified or registered as a Historic Monument in France, the expenses related to the acquisition, restoration, maintenance and conservation of the work can be deducted from taxable income, under certain conditions and with a conservation commitment.

Private patronage in France offers a tax reduction of 66% of the amount of the donation of an eligible work of art, within the limit of 20% of taxable income, with a five-year conservation commitment and the need to a donation certificate issued by the beneficiary organization.

Keiko Minami, born in 1911 in the Imizu District of Toyama Prefecture, faced a challenging upbringing. Orphaned at a young age, she and her sisters were taken in and raised by their uncle...

Corporate sponsorship in France offers tax advantages to companies supporting cultural activities, including the purchase of works of art, with a tax deduction of 60% of the amount of donations or acquisitions, capped at 0.5% turnover, and the obligations of conservation and public access.