Companies have the option of immediately writing off art purchases of up to DKK 31.000. This makes it attractive for business to buy art - to the benefit and pleasure of both employees, customers and business partners.
Art purchases include paintings, sculptures, graphics, photographic art, installation art and the like.
When it comes to graphic and photographic works, it is a separate requirement that they are numbered and signed by the artist and only produced in a limited edition. Reproductions are not covered by the rules.
The artwork must be a first time purchase and must be purchased directly from the artist or from a gallery that has the artwork on commission.
The rules cannot be applied if the company buys the artwork from an artist who is in the family or otherwise close to the company's owner.
If you are faced with selling a work of art to a company, you can refer to Skat or to for example this side at the consulting and auditing company BDO.
Top: Anita Jørgensen. Relief, 2019. Canvas and iron. Photo: Torben Petersen.