Sale of property furniture sale
This query is : Resolved
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?
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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25 November 2024
thank you . does movable furniture include the cupboards, lofts etc?
25 November 2024
Yes, most of them are detachable. Only fixtures which cannot be separated should not be considered.
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