[wazandy]

Here's a response to the fact that no matter how many people I happily respond to, my negs are -13!!

Anyway. Here's an idea.

Get in touch with one of the numerous companies that rent art out to the corporate community (big ones pay loads for prints they can hang up all over the place without actually buying them.)

Offer them some of your prints, which, if you're lucky might get rented for a while by a company - you get paid for this by the way.

Alternatively, start your own company with some Banksy holding mates and do it yourself.

Bottom line is this.

Every single print, original or otherwise, you buy now becomes a tax write off - as it's the sole reason for your business idea.

Thus, you get all your prints at near to half price when you do your tax.

Sure, you might have to lose some prints for six months or so, but they're fully insured, you get paid and in a year or two, you get them back and your collection could increase by twofold.

God, a positive at least for a good idea!

[wazandy]

Thanks for that. I'm now one point less despised.

lol.

[wazandy]

Just as an addition:

Once you've started your pseudo company, start mailing companies like ad-agencies, post-production companies and PR companies. They love this stuff and it gives them that modern edge.

Remember, all it takes is one company to actually pay you to hang your Banksy and you've got a business.

And then, all other prints are legitimate business expenses.

For me in Australia with 47% tax (oh yes..) it means I could feasibly buy prints for half price.

Sounds odd yes, but hell, if it means doubling your prints - why the hell not eh?

If any of the Brit forum members got together - you'd have a pretty awesome library to start a company like this.

Again, just a thought.

[ABC]

I have an art buisiness for my own art, It seems you can only claim VAT back on art if you are charged it in the first place.

[dslug]

abcollings said:

I have an art buisiness for my own art, It seems you can only claim VAT back on art if you are charged it in the first place.

T'is true,but you are charged it.On the recent dface releases there was vat on the invoice.

[nickc]

And then when you actually want to sell the art, it is registered to a business and not to you personally. Therefore, any increase will probably be subject to capital gains tax and the business would be under a legal obligation to sell to you at it's full market value, not at the price you originally paid for them. Just a thought.

[top]

..indeedy dslug