To companies
Bring art to your workplace with ArtDeme
Seeking to promote your company culture with artworks?
ArtDeme can help you and guide you through!
THE BENEFITS OF ART IN THE WORKPLACE
As visual means of communication, artworks contribute to the welfare of the company’s employees and echo the company values for the collaborators. It has been proven that art helps reducing stress, and that its contemplators find inspiration. At your workplace, artworks will empower employees, motivating them and increasing their well-being and productivity.
TAX ADVANTAGES OF BUYING ART
As a company, buying artworks enables you to claim a tax deduction off the profit. From the first year following the purchase and on to the 5 following years, the deduction amounts to a 20% annual rate as long as it does not exceed 5‰ of the revenue. Art 238 bis AB of the Code Général des Impôts
Example: A company makes a turnover of 500 000 €. It can deduct at most works of living artists for 5‰ of its annual turnover excluding taxes, ie: € 2,500.
FOR COMPANIES AND THE LIBERAL PROFESSIONS, THE PURCHASE OF ART ART LEASING LOA HAS MANY FINANCIAL AND TAX INTERESTS:
Leasing spreads the cost of the purchase while achieving significant tax savings
Fiscally, rents are deductible from taxable income
The lease does not affect the borrowing capacity and lighten the top of the balance sheet
At the end of the lease, the artworks will be sold for a residual value of 7%
SIMULATION FOR A LIBERAL PROFESSIONAL (IRPP 41 %)
Example of a leasing for a work of 15 000 € over 24 months
| Rent Tax Excl. | 794 € |
| Residual value Tax Excl. | + 1 050 € |
| IRPP economy | (41 %) - 8 240 € |
| Real cost | 10 807 € |
SIMULATION FOR A COMPANY (IS 28%)
Example of a leasing for a work of 15 000 € over 24 months
| Rent Tax Excl. | 773 € |
| IS Economy | (28 %) - 5 485 € |
| Residual value Tax Excl. | + 1 050 € |
| Real cost | 13 055 € |
LEASE ART
By nature, an artwork is not depreciable. A company that buys a work of art cannot register it to an expense account.
Leasing, on the other hand, allows a significant tax saving for the company. Rents are deductible from the taxable result and therefore reduce the corporate tax. In addition, at the end of a lease, the option to purchase allows the company to appropriate the artwork for a residual value.
The leasing offer is only valid for companies whose registered office is in France.
ArtDeme guides you through
Since purchasing pieces of Art can seem complex, ArtDeme can help you get through the entire process. From the insights and advice you need before buying to after-sales service, ArtDeme is keen to maintain a steady presence. It obviously also includes addressing questions regarding the purchase’s financial optimization.
Would you like to know more about leasing or selling art to companies?
ArtDeme’s pledges
Satisfied or reimbursed
Once delivered to you, you can exercise your right of withdrawal within 14 days and ship back the artwork. The returns are free.
Transparency
ArtDeme is engaged at promoting transparency through different elements: from the Artist’s history to the artwork’s price.
Assistance
Our team is there to guide through our selection of artworks, feel free to reach towards us.
Data privacy
When you buy your artwork, ArtDeme uses your data with extreme protection and does not share or sell your data to other third part companies.
Delivery
Once the purchase is completed, you will receive an email informing you about the shipping progress of the artwork and all the details such as the parcel identification number.
*Offer valid if you are a resident of the EU zone and the ordered artwork also comes from this area
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