Art Leasing for companies
Companies and professionals, make the best acquisitions financed by art leasing!
- An easy process
Art leasing
Montly leases are deductible from taxable income taxable income and reduce corporate (companies) or personal income tax (liberal professions)
Monthly lease allows you to stagger your payments on 13 to 48 months
At the end of the lease, the works of art are sold at a residual value.
The benefits of art leasing
- This financing comes under the heading of "office decoration and fittings" in account 6068 of the general chart of accounts. The works must be displayed in the company's offices.
- For businesses (companies based in France, Belgium, Monaco or Luxembourg) and liberal professions (lawyers, notaries, doctors, medical practices, etc.)
- Works of art, design and antiques, from pre-Columbian to contemporary art
- The leader in art leasing since 2009, with the biggest network of art galleries
- Access to all art galleries in France, Belgium, Luxembourg and Monaco
- More than 1,000 companies of all sizes, accompanied on a daily basis by leading financial partners
- A single contact: an expert in art financing
Investing in art in business
In addition to article 238 bis AB of the French General Tax Code, leasing encourages the introduction of works of art into professional spaces. spaces. It supports artistic creation and encourages companies to spread the values of creativity and openness.
- Enhance the company's premises and its image
- Establish a new dialogue with customers, employees and partners
- Turning your public areas, waiting rooms and work spaces into living spaces
- Crafting an environment that conveys values and well-being
FAQ
For companies and liberal professions, buying objects has a disadvantage: it is not depreciating. As far as art leasing is concerned, it allows companies and liberal professions to get works of art, design or antique furniture in order to furnish and decorate their workspaces, in a simple and gradual way.
Art leasing is a generic term for a lease with a purchase option. This financial tool allows you to rent a work of art, design or an antique furniture for an amount of time going from 13 to 48 months:
- Montlhy leases are deductible from taxable income and reduce corporate (business) or personal income tax (liberal professions).
- Art leasing allows to stagger the payment of the cost on several months, as part of "office decoration and furnishing", according to the account 6068 of the general chart of accounts.
- The leasing cost has no impact on the company's borrowing capacity.
- At the end of the lease, the option to purchase at a residual value is available.
This financing tool is considered a more profitable and flexible solution, rather than the purchase of works of art. It does not impact the company's borrowing capacity. In addition to Article 238 bis AB of the French General Tax Code regarding patronage, art leasing also helps to introduce art in the work place. It supports artistic creation and encourages the companies to share the values of creativity and openness in art.
Companies that are subject to corporate tax and liberal professions that are subject to the non-commercial profits tax regime, can benefit from this solution. Bail Art Leasing, leader in art leasing since 2009, counts on the largest network of galleries and professionals in the art market - over 350. Our financing service is available freely to help sales to ccompanies that are mostly small and medium-sized businesses, as well as to liberal professions.
Now in France, Belgium, Luxembourg and Monaco, Bail Art Leasing is also developing in 3 new countries in 2024: Germany, Italy and the Netherlands. Like Belgium, a sales representative is present in each of these countries.
Our financing solutions are avaible from €2,500, from pre-Columbian to contemporary art, with an average value of €35,000 financed per work.
Incentives measures for patronage were taken in favor of contemporary art, patrimony, music, live performance, as well as the preservation and enrichment of public collections. The legal framework is available here. The article 238 bis AB of the French General Tax Code regards companies under corporate income tax (common law or optional) and those under partnership tax, whatever the nature of their activity.
- The purchase must be of a living artist (at the time of the purchase).
- The work acquired must be "original", as defined inarticle 98 A, Annex III of the French General Tax Code.
- While their payment is deductible, the works of art must be displayed in a space open to the public or to employees, except for their offices.
The differences with patronage are:
- Art leasing has no impact on firms' borrowing capacity.
- The condition regarding a living artist does not apply.
- The works of art must be displayed in workspaces or in the company's offices.
Leasing costs depend on bank rates as well as the amount and duration of the financing. You can run a simulation here to get an idea of the overall cost: https://app.bail-art.com/simulation
The leasing company must be backed by serious, recognized financial partners. In addition, calling on a team of art market professionals gives you real knowledge of the market and the works. Finally, a leasing company's reliability is measured by its financial and regulatory knowledge of the sector, its close and trusting relationship with art galleries, and its experience, both historical and geographical.
Leasing contracts include insurance for the entire duration of the lease.
Art leasing for liberal professions can apply in waiting rooms, offices and public-access areas: medical and paramedical (doctors, dentists, pharmacists, vets, therapists, private nurses, psychologists), legal (lawyers, notaries, legal advisors), technical and scientific consultants (architects, engineers, chartered accountants, statutory auditors), financial consultants (business management, financial advisory, auditors, wealth advisors)... Each file will be studied by our financial partner.
