4 ms·
Exempt from taxation? Isn't it subject to capital gains?
by cheerlessbog 8y ago
Exempt from taxation? Isn't it subject to capital gains?
- wazoox 8y agoIn most countries, it's less taxed than other forms of capital (in Europe, it benefits from reduce VAT, no tariffs, and many other advantages) .
- habosa 8y agoA lot of art is "donated" by putting it in a museum. However this is basically a massive tax writeoff for someone watching and securing your art for you! And it still confers all the status on you because it will have a plaque saying "generously donated from the Richie Rich Foundation"