Sale of property furniture sale

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When selling a property, you can indeed sell the movable furniture to the buyer through a separate agreement. This allows you to specify the items, their value, and transfer ownership, potentially for a price higher than your initial cost. Detachable items like cupboards and lofts are generally considered movable furniture, whereas fixed fixtures that cannot be separated should not be included.

Meshach M

Meshach M (Querist)
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25 November 2024 i am selling an apartment purchased in 2018 im my wife's name. i have furnished the same for 15 lakhs (bill in my name). now when i sell the property can i take the cost of the furnishing separately from the buyer in my name? also can i sell it for a higher consideration?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 November 2024 Yes, you can sell movable furniture directly to the buyer through a separate contract. In this case, you need to create a separate sale agreement, specifying the items, their value, and transfer of ownership, at any agreed price, be it more than your cost.

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Meshach M

Meshach M (Querist)
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25 November 2024 thank you . does movable furniture include the cupboards, lofts etc?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 November 2024 Yes, most of them are detachable. Only fixtures which cannot be separated should not be considered.

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