Capital Gains Tax on Art

Capital Gains Tax on art is a tax on the profit made when you sell a piece of art for more than you paid for it. If you buy art at one price and later sell it at a higher price, the increase—the gain—is subject to taxation. The rate and rules can vary depending on your country and whether the art was held as an investment or personal possession. Generally, only the profit (gain) is taxed, not the total selling price. It's important to keep records of your purchase and sale to accurately determine taxable gains.