Leasing and renting works of art is particularly interesting for companies and the self-employed, who are increasingly interested in this type of operation, even though it is still relatively unknown. Here's everything you need to know about the subject.

Art leasing and rental: the basics

When it comes to leasing works of art, also known as renting with an option to buy (LOA) works of art, bear the following points in mind:

- Leasing works of art is a practice aimed mainly at companies and the self-employed;

- Businesses and the self-employed are eligible for the tax deduction associated with the rental of works of art;

– To satisfy the above condition, these organisations must be subject to corporation tax (SA, EURL, SARL, SAS) or income tax in the industrial and commercial profits (BIC) category.

When all is said and done, renting works of art on a buy-to-let basis offers the opportunity to invest in art while saving a considerable amount of money.

There are many advantages, including

- The possibility of obtaining a low-cost painta sculpturea drawinga photographya limited edition or any other artistic object,

- Enhancing the image of your company or institution among customers and visitors to your premises,

- The effective tax reduction, which is very attractive for both businesses and the self-employed,

- Spreading the cost of acquiring a work of art over time, possibly over several years. If you are interested in the subject of leasing and renting works of art, please do not hesitate to read the full article we published on the Artalistic website about this practice!