Leasing of art work is basically possible if the customer uses economic goods commercially and can assert this as wear and tear at his tax office can make. Stated in other words: He specifies writoffs of articles of value existing in his company assets. The definition of leasing is the complete depreciation of the leasing installments as business expenses. Therefore the leasing of art articles is bound to this prerequisite.

Thus the writoff of art articles is bound to the acknowledgment of the tax office, i.e., the use of the art works (picture/sculptures) must include wear and tear. According to our current level of knowledge such a wear and tear is recognized by the actual jurisdiction only if the »producer« is a young new generation artist (with uncertain market situation), and the price of the object is situated below a certain limit. However this limit per pur knowledge ranges at about 5,000 €!   A functioning construct works as follows:

An artist, whose works range in the lower price segment, creates art works which have a small value as an object of speculation or investment. Accordingly the everyday use is to be classified as high. Also an art work is subjected to wear a tear in everyday life. It is irrelevant how low this wear and tear is estimated - even the smallest wear can reduce the value (the idea) of an art work considerably. With more expensive works (with intrinsic speculation value) the situation is quite different. Here the long-term investment overlays the artistic value (usage). Additionally it is mostly considered as a crucial criterion that such art works usually are extremely carefully treated and kept and normally not exposed to everyday life in trades or industry.

Thus the general assumption reads that certain art works out of the not too expensive price band are »worn out« after a certain time. This corresponds to the reality of art works in an enterprise or a business.

To you as an entrepreneurs we offer the chance to acquire art at unusually favorable conditions.

This representation is a general press information. It is not a consultation in the sense of tax and legal consultation laws. It relates to the situation in Germany; in other countries the situation may be different.