What happens if I want to sell my furniture with the property?

Furnitures are generally not sold with the property because they are considered goods. If you want to sell the furniture or has been offered to purchase your furniture along with the real property, you can do so as a part of the same contract for sale of the property. All you have to do is to include the consideration for the furniture into the calculation for the purchase price and include a schedule of all the goods that are to be sold with the land.

It if the responsibility of the parties to make appropriate disclosures of the value of the property under the contract. This amount is then used to calculate the relevant tax liabilities triggered by the sale on both ends. Hence, it is important that you also seek tax advice in relation to your property sale and any ancillary sales.