Core Viewpoint - The article discusses the tax treatment of cultural relics and artworks purchased by enterprises, emphasizing that these assets are treated as investment assets and cannot be depreciated or amortized for tax deductions during the holding period [5][6]. Group 1: Tax Treatment of Cultural Relics and Artworks - Enterprises can treat purchased cultural relics and artworks as investment assets for tax purposes, but depreciation and amortization expenses during the holding period are not deductible [5][6]. - Upon transfer or disposal of investment assets, the cost of the investment asset is allowed to be deducted [7]. Group 2: Auction Process and Tax Implications - Auction houses, when entrusted to auction cultural relics and artworks, can issue a non-taxable VAT invoice to the buyer for the auction proceeds, which will not be included in the auction house's taxable income [8]. - Auction houses must retain certain documentation for verification, including images of auction items, contracts, confirmation of auction transactions, identification of both parties, and tax-related documents [9]. Group 3: Personal Auction of Cultural Relics and Artworks - Personal auction of cultural relics and artworks falls under the "property transfer income" tax category, allowing taxpayers to deduct the original value of the property when calculating taxable income [11]. - The original value of the property is defined as the price at which the seller acquired the auction item, based on valid documentation [12].