9. Art and antiquities objects

Regulations: Art. 19 Wealth Tax Act

For the purposes of Wealth Tax, the following definitions are used:

Objects of art: Paintings, sculptures, drawings, prints, lithographies or other similar, provided that in all cases they are original works.

Antiques: Movable, useful or ornamental property, excluding objects of art, which are more than one hundred years old and whose fundamental characteristics have not been altered by modifications or repairs made during the last years.

The valuation of these assets will be carried out at market value on the date of accrual of the tax (31 December).

Note: Objects of art and antiques considered exempt from tax should not be included in the tax return. See in this regard the list of exempt objects of art and antiquities in the section dedicated to exemptions in Chapter 2.