WTS Global publication “Taxation of Artwork Guide”

WTS Global has published the “Taxation of Artwork Guide” which addresses the tax effects of investment in artworks in the various phases (purchase, custody, transfer, donation and inheritance) at international level.

The Guide offers an overview extended to 26 countries and aimed at private clients, corporate collectors, galleries, foundations and asset managers. Among the authors of the chapter dedicated to the Italian overview, Giovanni Rolle (Partner in WTS R&A).

The brochure answers some of the most important questions for those working in this field, such as:

  • should the artwork be purchased through a company?
  • are purchases or sales of artworks subject to VAT?
  • what taxes are due on imports of works purchased abroad?

Here you can download the Guide.