Art investing can serve many purposes. The obvious ones being the potentially high investment returns as well as the aesthetic value. There is also merit in considering this asset class from a tax and estate duty perspective. Capital Gains Tax There is no capital gains tax (during and after your death) on art work purchased for personal use. That means, if you are not an art dealer, you will not be taxed for any gains […]
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A case for art investments
There is definitely a case for art investing given the recent investment returns of certain artworks. According to The Art Price, an art market information portal – ‘’The appeal of Art as an investment stems from the exponential value increases that affect certain works and, in certain cases, the media coverage they attract. 2017 saw plenty of examples of exceptional capital gains.’’ Average art investment returns globally are now in the double digits with an increase […]
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