For the private individuals (France)

The contemporary art is a tool of diversification of the family wealth with benefits of enjoyment of the acquired properties but also a means of transmission to the heirs following a progressive scale.

The value of art is not taken into account in the calculation base of the tax base in the ISF(Impot sur la Fortune).

Any sale of  art value upper to 5 000 € is subjected to the tax obligatons but it is possible to benefit from a reduction of taxation following the choice of the scope of this one.

In a perspective of investment, the contemporary art can be a good tool to generate a capital gain totally exempted from any levy beyond 12 years of holding.

It is conceivable to pay his debts to the state or to deduct his taxation with art (Subjected to an approval government) or by a donation of art.

version française