Acquiring an Artwork is a source of pleasure, whatever the reason for your acquisition:
Decorating and enhancing your interior
Giving a wonderful gift to a loved one
Making you happy and/or supporting an Artist you like.
Bodjaro's vocation is to offer you quality Artworks, painted by Artists unearthed and selected for their talent. Bodjaro helps you find Paintings that meet your needs and provide you with maximum satisfaction.
The icing on the cake, the acquisition of Artworks can constitute an investment for the future and allow you to diversify your assets.
Depending on your residing country, you may take advantage of tax incentives. For example in France, the ownership of Artworks is not taxed; it is not included in the calculation of the Real Estate Wealth Tax which replaced the "Fortune Tax" (ISF) in 2018. In addition, the resale of an Artwork is also not taxed if its sale price does not exceed 5,000 euros. We recommend you to ask your local tax office to discover the rules to be applied in your region.
For Companies and Professionals
Acquiring an Artwork is also a great opportunity for Companies and Professionals.
When you decorate your business premises; whether it is a restaurant, hotel, office or waiting room; you significantly improve your brand image with your customers and your employees. You send out a strong signal, proof of particular attention and sensitivity. You stand out by offering Unique and Original Artworks and you support artistic creation.
The acquisition of Artworks can also be part of an investment strategy.
Beyond any medium/long-term capital gains in the event of resale, Companies and Professionals can benefit from tax advantages, depending on residing country. For example in France, under certain conditions, it is possible to deduct the value of the Artwork acquisition from the results of your Company. The tax deduction is open to Companies and Entrepreneurs subject to corporate tax or some category of income tax. The Artist must be alive at the time of the purchase of the Painting and the company must exhibit the Artwork for 5 continuous years in a place accessible free of charge to the public or to employees (with the exception of its offices). The tax deduction is spread over 5 years in equal fractions. For example, for an Artwork Canvas at €790, the company can make a tax deduction of €158 each year. The sums are deductible within the limit of €20,000 or5‰ of turnoverexcluding VAT.
In France, under certain conditions, Paintings may benefit from a special VAT regime specific to Artworks - article 297 A of the General Tax Code, and may be invoiced without VAT.
We invite you to contact your accountant to learn more about these topics.
Discover Bodjaro's Artworks
A Selection of Unique and Original Artworks, painted in France by talented Contemporary Artists.