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French tax exemption for the purchase of contemporary works

Investir dans l'art contemporain

        Choosing to invest in art is the assurance of originality, of a unique work attested by a certificate of authenticity signed by the artist.


This document allows in particular, in the event of resale, to assure you an added value because the price of a work evolves at the rate of the notoriety and therefore of the coast of the artist whatever the date of creation.

        As the law currently stands, purchases made on or after January 1, 2002 and before December 31, 2022 are concerned.


As the law currently stands, purchases made on or after January 1, 2002 and before December 31, 2022 are concerned.

Les entreprises concernées

This system concerns all companies which are able to register the price of the work in a special reserve account on the liabilities side of the company's balance sheet , without restriction on the nature of the activity. .

These companies must therefore be subject to 'corporation tax (IS), automatically or optionally. The sole proprietorships subject to income tax in the BIC category are concerned, to the exclusion of BNCs. A liberal cabinet can benefit from this deduction.

Les modalités de la déduction fiscale

The acquisition of original works of living artists and sponsorship , opens to a tax deduction capped according to the most advantageous option for the company:

either up to 0.5% of turnover excluding tax or up to 20,000? , alternative ceiling


For the purchase of a work of art, the amount of the purchase is deductible from the result of the year of acquisition and over the four years that follow (i.e. a spread over 5 years) and this by equal fractions = division of the price of the work by 5.
These 1 / 5ths are therefore deductible within the limit of 0.5% of the turnover excluding tax or 20,000 euros, depending on the most advantageous option and less the sponsorship actions already carried out during the year.
If the fraction of the acquisition price of the works purchased (1 / 5th) cannot be totally deducted over a year, the unused surplus cannot be carried over and deducted to the following year, it is lost.


The company must exhibit the work of art permanently for 5 years (period corresponding to the year of acquisition and the 4 following years) and must communicate on the place of the exhibition. The work must be in a place accessible free of charge to the public or to employees (on the premises of the company, or during events organized by the company or by a museum, a local authority or a public establishment to which the property has been entrusted or in a museum to which the property is deposited).

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