Art leasing for companies and the self-employed
Reception or meeting rooms, offices, head office lobbies... Leasing works of art allows you to enhance your business premises at an attractive price.
The online art gallery Galerie 22 has teamed up with Bail Art, the leading art leasing company, to offer businesses and the self-employed a leasing solution with a purchase option tailored to their needs.
In view of the tax provisions applicable in each country, this leasing offer can only be made to companies or professionals operating in France or Belgium.
The 4 advantages of leasing works of art
From a tax point of view, the rental payments are deductible from taxable income, thereby reducing corporation tax (companies) or personal income tax (self-employed professionals).
SPREADING OF COSTS
Leasing allows you to spread the cost of the purchase over several years (from 13 to 60 months).
POSSIBILITY OF ACQUISITION AT LOWER COST
At the end of the leasing contract, you can exercise the purchase option in order to acquire the work for a residual value corresponding to 3% of its initial value.
ENHANCEMENT OF YOUR IMAGE
The presence of works of art on your premises allows you to assert your difference and enhance the image of your company in the eyes of your partners and customers.
NB: Leasing does not affect your borrowing capacity and lightens the top end of your balance sheet (excluding IFRS).
The use of this type of financing to purchase works of art falls within the scope of office decoration and fittings in account 6068 of the general chart of accounts, in the same way as the hire of plants, furniture or the purchase of fittings for professional spaces.
In addition to article 238 bis AB of the General Tax Code, leasing encourages the introduction of works of art into professional spaces. It supports artistic creation and encourages companies to disseminate the values of creativity and openness conveyed by art.