Artwork Leasing: Simple and Easy Contract with Artalistic

The term "leasing" commonly refers to a rental arrangement of a property with a purchase option. Artwork leasing allows individuals to rent a painting, sculpture, photograph, or art furniture for a predetermined period and, in general, based on the nature of the signed transaction, acquire it at the end of the contract for a significantly reduced initial price.
Artwork leasing comes with numerous advantages, primarily offering businesses, self-employed professionals, and medical institutions the opportunity to exhibit dedicated artwork in their reception areas, offices, workspaces, or other professional premises in a straightforward and gradual manner. This practice reduces their tax burden while providing attractive final purchase possibilities.

Artwork leasing is targeted at businesses and self-employed professionals.
It is sometimes also referred to as long-term artwork rental. The duration of the contract varies, ranging from a few months to several years. The artwork must be displayed in a location accessible to employees or clients.
Artwork leasing presents several benefits, including significant tax benefits, while actively contributing to the growth and development of the creative sector.

For businesses, artwork leasing serves as a powerful communication tool. Exhibiting paintings or sculptures within the premises and integrating art into the workspace contributes to:
- Building the organization's brand image and identity among employees, clients, and partners.
- Enhancing the aesthetics and beauty of the premises and infrastructure.
- Improving employee well-being and fostering tangible human connections within the work community, as art becomes a means of exchange and sharing.
- Providing access to diverse cultures and discovering numerous artists.
Unlike traditional patronage, artwork leasing imposes no limits or restrictions on the invested amounts. The tax benefits it offers are highly advantageous.

Articles 238 bis and 238 bis AB of the French General Tax Code specify the conditions for tax reduction offered to companies regarding the acquisition and leasing of original works of living artists.
The eligible entities benefiting from the tax deduction scheme related to artwork leasing must be subject to corporate tax (SA, EURL, SARL, or SAS) or income tax under the category of industrial and commercial profits (BIC).
The leasing expenses for artwork fall under the category of decoration and office furnishings in account 6068 of the general chart of accounts. The tax benefit is evident since this lease is subject to the standard regime of deductible expenses from the net income (Article 39-1 of the CGI), which reduces income tax contributions.
Apart from the tax reduction, among other financial and tax advantages of artwork leasing, we can mention:
- The spreading of the purchase costs of an artwork over several months or years.
- The retention of ownership title of the artwork off the balance sheet.
- The creation of a valuable tangible asset.
- The smoothing of expenses and the maintenance of a high level of cash flow and borrowing capacity.

By choosing Artalistic, you benefit from support in the following areas:
- Art Advisory: Our experienced and professional team provides expert guidance with sharp insights into the art market.
- Financing: We assist in the selection of artworks and the formation of collections through the leasing mechanism.
- Legal Support: Artalistic offers tailored services to shed light on the complex and evolving legal and tax aspects of each transaction.

Artalistic offers an artwork leasing package that comes with several advantages, including:
- Responsiveness: Artalistic promptly responds to your inquiries, catering to your specific needs.
- Expertise: Our team, consisting of art market professionals and legal experts, is dedicated to supporting your projects (commercial, heritage, events, etc.) in the best possible way.
- Support for Contemporary Creation: Our diverse and eclectic online art sales portal promotes established artists as well as the talents of tomorrow.