We are planning to sell an investment property and the cost of hiring furniture etc for staging is astronomical, not to mention additional hire costs if you wish to hire for longer than a 4 week campaign
Can I make purchases and stage the property myself and then claim these expenses once the property is sold to reduce Capital Gains Tax? Is there a limit on how much I can claim for staging costs - both hiring and purchasing options?
Also, what do I do with the furniture etc I purchased once the property is sold (as opposed to handing back hired items) - are there requirements around what I have to do to dispose of it?
Really appreciate your advice! :)
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1,499 views
1 replies