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All expenses > Pieces of art
Pieces of art
Tax audit risk
Easiness to justifyAverage amount deducted€ ∞ Frequency5x
Easiness to justifyAverage amount deducted€ ∞ Frequency5x
Deducted by16% of independentsRecommended by0% of independentsWürdest du diese Ausgabe empfehlen?Setzt du diese Ausgabe ab?
A work of art is tax deductible if it depreciates over time. Whether the work of art is subject to depreciation or increases in value depends for the tax office on the reputation of the artist. Generally, works of art are considered to be commercial art if they become obsolete over the years and lose value. Then the costs can be written off over a period of up to 15 years and the VAT paid is deductible.
💡 In addition to the reputation of the artist (art prizes, exhibitions), the purchase price (e.g. less than EUR 5,000) is decisive for classification as commercial art.
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