Deduction for purchases of works by living artists and musical instruments extended to 2028
Article 89 of the 2026 Finance Act extends to 2028 the deduction of Article 238 bis AB of the General Tax Code: companies buying original works by living artists or musical instruments and recording them as assets can deduct the purchase price from their taxable profit. The purchase deadline moves from 2025 to 2028.
Measure originators
No official estimate found for this measure.
Measure impact
Companies buying an original work by a living artist (displayed to the public or staff) or a musical instrument (lent to performers on request) can keep deducting the price from taxable profit for purchases made until the end of 2028.
Official references
Sources
Procedure timeline
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Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
President of the Republic signature
Publication au Journal officiel