Just saw a tiktok saying that art investment tax loopholes are very easy and common.
I don’t understand how it can benefit the rich people doing it though.
Say they buy a painting at 10,000£, then donate it to charity a year later. They are now down 10k and also don’t have a painting. How does declaring that as a charitable donation change anything?
In: 88
Is this the tiktok you saw it explains how it works and this guy owns his own gallery
@nobody.important000 Nolanart.com.au if you wanna do some shady stuff! #art #arttok #artist #paint #painting #sales #business #investment #artinvestment #artinvestor #tax #taxcut #evil #clay #ceramic
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