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)

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)

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)

25 November 2024 thank you . does movable furniture include the cupboards, lofts etc?

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

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

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