maxime on Nostr: This is in the context of taxes and what is accounted in your wealth so what ...
This is in the context of taxes and what is accounted in your wealth so what constitutes “art” is well defined in that sense. Although, proving that an items fits the requirements seems to be an absolute headache…
This is what I found below👇
Although MiCA doesn’t cover NFTs, French legislation (Art L54-10-1 - Financial and Monetary code) seems to include them in the scope of crypto-assets rather than art (intangible goods in digital form representing rights that can be issued, registered, stored or transferred by means of distributed ledger technology that makes it possible to identify the owner).
As for what exactly is considered a “work of art”, this is what is included (Art 98A of Annex III - General Tax Code):
• Paintings entirely executed by hand by the artist, which excludes the use of any process whatsoever that can replace, in whole or in part, human intervention;
• Sculptures in any materials provided the productions are executed entirely by the artist;
• Hand-made tapestries, based on original designs from the artist, provided that no more than 8 copies of each exist;
• Unique exemple of ceramics entirely made by the artist and signed by him. The artist must personally carry out the successive operations necessary for the making of the object (shaping, firing, decoration);
• Photographs taken by the artist, printed by him, signed and numbered, limited to 30 copies. Only photographs which bear witness to clear creative intention on the part of the author can be considered works of art.
This is what I found below👇
Although MiCA doesn’t cover NFTs, French legislation (Art L54-10-1 - Financial and Monetary code) seems to include them in the scope of crypto-assets rather than art (intangible goods in digital form representing rights that can be issued, registered, stored or transferred by means of distributed ledger technology that makes it possible to identify the owner).
As for what exactly is considered a “work of art”, this is what is included (Art 98A of Annex III - General Tax Code):
• Paintings entirely executed by hand by the artist, which excludes the use of any process whatsoever that can replace, in whole or in part, human intervention;
• Sculptures in any materials provided the productions are executed entirely by the artist;
• Hand-made tapestries, based on original designs from the artist, provided that no more than 8 copies of each exist;
• Unique exemple of ceramics entirely made by the artist and signed by him. The artist must personally carry out the successive operations necessary for the making of the object (shaping, firing, decoration);
• Photographs taken by the artist, printed by him, signed and numbered, limited to 30 copies. Only photographs which bear witness to clear creative intention on the part of the author can be considered works of art.