Concept

Break the Codes of Art

Today, the trend is to rent and this is true in all sectors of the economy.

That is why ART IN MOVE wanted to modernize the usual distribution channels of Art by targeting exclusively the professional market, through rental offers with the option to purchase.

Support from A to Z

The acquisition of artworks in a professional context meeting very specific objectives, we support our clients on three distinct levels: consulting, financing and logistics.

A Virtuous Model

Art leasing is the ideal financing method for professionals, both to profit from highly advantageous tax benefits and to modernize and sustain the company’s image with their employees, customers, suppliers and partners.

Many

Fiscal Advantages

100% TAX DEDUCTION OF YOUR MONTHLY PAYMENTS

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Leasing presents a clear financial and tax interest for companies and the liberal professions, since leasing is subject to the common law regime of expenses deductible from the net result (art. 39-1 of the CGI), which reduces your IS or IRPP.

SPREADING OF YOUR RENTAL COSTS

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Leasing allows the cost of the acquisition of an art piece to be spread out over several years (from 13 to 60 months) and thus preserves the precious cash-flow of the company, which the immediate or staggered purchase, not depreciable, does not allow.

MAINTAINING YOUR BORROWING CAPACITY

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Leasing is by nature a rental charge. As a result, it does not affect the borrowing capacity of your company and considerably lightens the top of your balance sheet

CONSERVATION OF YOUR OFF-BALANCE SHEET

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Leasing, unlike immediate or staggered purchase, allows to separate the financed art piece from balance sheet assets. Thus, in case of resale of your company, artworks financed by this way will not be sold.

CONSTITUTION OF HERITAGE

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The leasing of artworks makes it possible to achieve real added value over time, to the extent that art has become a safe haven still benefiting from a privileged tax regime.

LOW COST OF YOUR ACQUISITION IN FINE

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The leasing allows, at the end of the rental contract, the contracting company or its manager, to lift the purchase option in order to acquire the artwork for a minimum residual value and initially defined.

A Real Vector

Of Communication

DEVELOPING YOUR BRAND IMAGE

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Leasing allows to create a differentiating communication tool, and thus to display an identity and values that are those of the company. It also makes it possible to beautify workspaces in a unique way and to convey a positive and innovative image.

CREATION OF STRONG HUMAN BONDS

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Leasing is part of the theme of « well-being at work », a real vector of productivity while at the same time benefiting your employees and also your customers of an artwork on a daily basis.

FAST CONSTITUTION OF YOUR COLLECTION

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Leasing generates a smoothing of expenses, which allows access to more artworks by access to more expensive art pieces and thus to build a collection more quickly and above all, at a lower cost.

UNIVERSAL ACCESS TO ALL ARTISTS

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Leasing, unlike the system of sponsorship, imposes no limit or restriction on the amounts invested, by the fact that the artist is alive or the promotion of art pieces within a space of passage, as long as the investments remain consistent with your turnover.

Very Simple

Modalities

WHAT IS THE INTEREST OF THIS?

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In addition to article 238 bis AB of the General Tax Code, art leasing encourages the introduction of artworks into professional spaces. As such, it supports the creation and encourages companies to promote the values of creativity and openness conveyed by art.

WHICH COMPANIES CAN ACCESS IT?

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Companies benefiting from the tax deduction scheme must be submitted to the corporation tax (SA, EURL, SARL or SAS) or to the income tax in the category of industrial and commercial profits BIC (SNC).

WHICH DEDUCTIONS DO YOU BENEFIT FROM?

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The use of leasing for the acquisition of artworks falls within the framework of the decoration and the layout of the offices in account 6068 of the general chart of accounts. Thus, for companies and liberal professionals subject, by right or option, to the Corporate Tax (IS), this rental is therefore subject to the common law regime of deductible expenses (Article 39-1 of the French Tax Code).

WHAT ARE THE LEGAL OBLIGATIONS?

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Of course, rentals can only be deducted if they are incurred in the interest of the company and the artwork is placed in a place open to the public or employees. In addition, the number of rentals must not be excessive in relation to the actual turnover of the company.

WHO SELECTS AND PROVIDES ARTWORKS?

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We finance two types of artworks: those that you have already identified independently from a gallery or an artist, and those that we have sought and negotiated on your behalf according to your artistic tastes and your budget constraints.

WHO INSURES AND PROTECTS THE WORKS?

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Artworks are part of the economic and cultural heritage of the company and as such must be insured. Through our specialized partners, we are able to offer you the optimal coverage in order to protect your artistic assets from potential risks.

The expert's advice

Art leasing is an attractive method of financing an art piece without the need for either a down payment or a bank loan. This contract allows a company to rent a art piece with the option of purchasing the property at a price determined in advance. This financing method will allow the company to reduce its taxes, spread the costs and acquire the art piece at a lower cost.

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The monthly payments are fully deductible from the taxable results of the tenant business. This further reduces the company's tax result. Whatever the activity of the company, the deduction of the rents concerns the companies subjected, of right or option, to the corporate tax and the individual companies subjected to the income tax in the category of BIC or BNC. The pre-financing of VAT is provided by the lessor credit.

The rights attached to a leasing contract are assimilated to intangible assets and, in the event of the assignment of the contract, fall under the capital gains regime on the disposal of assets.

The rental of the art piece during the contract is an off-balance sheet commitment for the lessee, which does not affect the solvency of his business, thereby preserving his borrowing capacity. When the company has held the leasing contract since its origin, the works acquired at the end are entered in the balance sheet assets for the price agreed upon the exercise of the purchase option.

Jérôme Célié

Tax Lawyer

Cofounder of the AGN network of lawyers