|In any working environment having
something to look at can undoubtedly make an enormous difference to peoples lives.
But what are the financial advantages to the average business of buying a piece of 'ART'?
Any piece of art can be purchased and written off as a fixture and
fitting. On this article the purchaser will be entitled to 25% tax
relief on the total price in the first year. Thereafter,the nominal
price is reduced each year and 25% of that nominal value continues to be
tax deductable. Ninety percent of the asset is, therefore written off over
eight years. However, your painting or your sculpture is not at all like your
office furniture. It will continue to give you visual pleasure for many
years as you own it and the probability is, and this is surely an essential
part of the fun of making a personal choice, that it will hold its original
value and may even, over time, appreciate considerably. Michele Mills,
agent and consultant.