Financing a work of art
Leasing, purchase or simple rental of an artwork?
Artwork leasing
In collaboration with our partner, the Sacerd'ART company, we offer a leasing to facilitate access to works of art thanks to an "LOA" (rental with option to purchase the artwork at the end of the contract)
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Borrowing capacity preserved and top of the balance sheet lightened (excluding IFRS)
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Minimum price of €2,500
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Spreading the cost of purchase from 13 to 48 months
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Deduction from taxable income and reduction of IS (companies) or IRPP (liberal professions)
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At the end of the contract, a transfer of ownership is offered to you with a residual value of approximately 5%.
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Contract applies to all artists, whether alive or not
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Tax savings with 100% deductible rents
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Serves as an image and communication vector
Example for a work of €5,000 over 24 months:
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Monthly rent term to fall 273€ HT
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Tax savings generated €1,905 excluding VAT
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Coût global hors économies de charges sociales, _cc781905-5cde-3194- bb3b-136bad5cf58d_ IR = €4,647 excluding tax
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Rents are a deductible expense and generate a CIT saving estimated at 28%
Tax-exempt purchase
This tax niche was initiated in 2003 by then Minister of Culture Jean-Jacques Aillagon to support artists.
Companies and freelancers alike can thus opt for this solution to elaborate their identity while building up assets and developing public relations.
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The artwork must be exhibited to the public and employees for 5 years
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It must be included in the fixed assets of the company
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It has no minimum acquisition value
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The amount of the deduction is recorded in a special reserve account in the liabilities of the company's balance sheet.
(Reference text from the Ministry of Finance)
Example of calculation for a work of 7,000€:
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A company with a turnover of €350,000
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The annual deduction is capped at 5 per thousand of turnover, i.e. 350,000 x 0.005 = €1,750 annual deductible ceiling
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Annual deduction from taxable income €7,000 / 5 years = €1,400
Simple rental
Helping companies and institutions open up to art through a customisable rental offer.
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Rental for decorative purposes
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Artistic and cultural projects
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Art exhibitions for communication projects
Rental is a way for offices to personalize spaces and improve quality of life at work, for hotels to gain visibility and cultivate customer loyalty, for real-estate investors to fit out showrooms and for architects to create branding and storytelling proposals for unique places.
Example:
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With or without commitment: for a period of 3, 6, 9 months or more
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Accessible: from €25 per month and per work of art
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Works and creations: photographs, paintings or sculptures
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Artistic advice: a single point of contact for a tailor-made service; of the rotation logistics up to hanging
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The Transport, RC, Fire, DDE insurance of the works in the company is the responsibility of the company