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If I remember right, in France arts pieces are not taxed as other assets (like flats) are. edit: https://en.wikipedia.org/wiki/Solidarity_tax_on_wealth#Basis h
by baud147258 8y ago
If I remember right, in France arts pieces are not taxed as other assets (like flats) are.
edit: https://en.wikipedia.org/wiki/Solidarity_tax_on_wealth#Basis https://en.wikipedia.org/wiki/Solidarity_tax_on_wealth#Basis
The English version is lacking some exempted elements compared to the French version, where works of arts are explicitly cited.
- jcranmer 8y agoThe French list is basically the same as the English list, except for the second and second-to-last lines which look like overly abbreviated translations: * objets d'antiquité, d'art ou tout simplement de collection, parts de sociétés civiles propriétaires de tels objets (antiques, art, collections, and shares in what I think are trusts of various kinds) * biens ruraux loués à long terme et participation dans des groupements fonciers agricoles (which appears to have been translated as "anonymous bonds"--a better translation is long-term rural bonds and agricultural cooperatives). The French Wikipedia also states that this was replaced in 2018 with a new tax that's on property. My grasp on the French legal terminology here is weak, but I think it refers to real estate property only and does not include personal property, which would include things like artwork.
- baud147258 8y agoThe "collection objects" term from the English version just seemed a little more restrictive than the French equivalent. Also I didn't think about the ISF deletion then.