Selling with furniture

[pissouri123]

Hi Nigel
I have some nice furniture and an expensive gas fire. I want to sell these separately to villa. What per cent she of the villa sale would be reasonable to ask for these items?
Thank yiu

[Nigel Howarth]

Hi pissouri123

You need to have what is known as a 'furniture agreement' for the contents of your property. Take a look at my article Capital Gains Tax on the Sale of Property in Cyprus. At the end of the article there's a section 'Reducing your Capital Gains Tax liability' that explains.

Regards,

[pissouri123]

Hi Nigel
Thank you. Read the article you gave me the link to. Very useful. I just need clarification - I am a uk resident and pay my taxes to the uk. Will I pay capital gains tax to Cypriot tax office or the uk tax office ? Thank you

[pissouri123]

Hello again Nigel
I am wondering how much a solicitor how much a solicitor may charge for a ‘furniture agreement’? Any advice is most welcome.

[Pantheman]

Hi Nigel
Thank you. Read the article you gave me the link to. Very useful. I just need clarification - I am a uk resident and pay my taxes to the uk. Will I pay capital gains tax to Cypriot tax office or the uk tax office ? Thank you

Yes CGT is paid in Cyprus and will be offset against any CGT demanded by the UK tax authorities.

[Pantheman]

Hello again Nigel
I am wondering how much a solicitor how much a solicitor may charge for a ‘furniture agreement’? Any advice is most welcome.

Seriously, when the lawyer draws up the sale contract he will also do a 'Furniture Agreement', it'll all be included in the price he asks once you tell him what you want.

This is assuming the buyer even wants your furniture!

[pissouri123]

I understand. Thank you