How to buy a work while benefiting from the tax deferral system in ? 646f4p

How does the Tax Deferral feature work? 2g5m4p

The tax deferral system in makes it possible to defer the taxation of the value of a work of art within the framework of the tax on real estate wealth (IFI). Here is how this device works when buying a work of art:

1. Subject to the IFI:
   Tax deferral concerns taxpayers subject to the IFI, which is a tax on net property assets above a certain threshold. The acquisition of a work of art is taken into in the calculation of the IFI.
   
   
2. Carryover of the value of the work of art:
   When you buy a work of art, you have the option of deferring the taxation of its value under the IFI as long as you keep it in your estate. This means that the value of the work is not taken into in the calculation of the IFI during the retention period.
   
   
3. Duration of postponement:
   Tax deferral is granted for a fixed period, usually ten years. During this period, the value of the artwork will not be subject to IFI.
   
   
4. Conservation of the work of art:
   To benefit from the tax deferral, you must keep the work of art in your assets for the duration of the deferral. If you sell or transfer the work before the end of the period, the taxation of the deferred value will be due.

It should be noted that tax deferral does not mean a permanent exemption from tax. When the deferral period expires or if you sell the work, taxation of the deferred value will be due.

It is recommended to refer to the legal provisions in force, as well as to consult a tax expert to obtain precise and up-to-date information on the tax deferral system linked to the purchase of works of art in .

Sources:

• Légi - tax deferral system
  

© Frédéric Cadiou