Renting furniture to yourself

westernpromise

AdrianC wrote: »

You misunderstand the accounting difference to big businesses between CapEx and OpEx, and the benefits and drawbacks of having owned assets versus leased. Add in the benefits of flexibility, and the high purchase cost of office furniture, and there are VERY big reasons why the two scenarios are not comparable.

All covered in the first page of the thread.

gingercordial

westernpromise wrote: »

In principle there might be, yes. Presumably this is why companies that lease out office furniture exist.

Economies of scale, certainly. A small margin on one chair won't cover the costs of running a company. A small margin x 1000 chairs might.

Anyway, as for landfill being your only free option, a lot of councils now collect furniture in good condition for free and it goes to a charity to be refurbished and sold to those on low incomes. I have sent furniture more than once to the ReStore project in my part of London, and it's arranged by calling my council's bulky refuse collection line but the charity come with a van rather than the usual rubbish truck. Cost me nothing at all.

http://www.restorecommunityprojects.org/

Links to similar projects all over London:

http://www.londonreuse.org/the-network/near-you/

I don't know where you live, but if not London there may be something similar in your county.

Stevie_Palimo

westernpromise wrote: »

Who's " trying to keep this hidden or to try and claim benefits whilst in possession of the said funds"?

I have no problem with your having an ISA BTW.

Difference is I do not need to disclose to you what I do and do not hold as I am not seeking help to try and hide money from the tax man and pay all of my dues and then some.

AdrianC

westernpromise wrote: »

All covered in the first page of the thread.

No, not really.

You waffled some rubbish about offsetting against tax - which is completely different - but since this furniture has zero value TO offset, that's irrelevant anyway.

tlc678910

If it really is going to cost £300 to clear the furniture in a way in which local people and charities could benefit from it (rather than crush it) then perhaps given the circumstances (inheriting a 500K property) this money should be found.

It would be nice to remember that someone who has purchased all of this "nearly new" furniture is recently deceased, I assume. It is far more fitting to their memory that their furniture is reused than sent needlessly to landfill.

I would not send to landfill good furniture that I owned/acquired. It is wrong. That is the case even if it cost me in terms of time and hassle or a small amount of money. If you need to get rid of it find the least difficult/least expensive way to make this furniture benefit someone. Your post comes across as quite take take take (in the circumstances). Someone has died? There is a huge inheritance. Let go of the penny pinching.

Tlc

AdrianC

tlc678910 wrote: »

If it really is going to cost £300 to clear the furniture in a way in which local people and charities could benefit from it

It won't. At absolute worst, it'll take a day of van rental - £50 or less.

Gigervamp

As has been said, there are plenty of charities, as well as places like Freecycle, Freegle and Gumtree where you can offload the furniture.

I find it quite staggering that someone who has recently inherited half a million pounds, is willing to put perfectly good furniture into landfill, because they can't be bothered to contact these charities or pay a house clearance company a measly (in comparison to the inheritance) £300.

Not everyone has the good fortune that you have had. That furniture could be so helpful to somebody else.

teddysmum

Taking the furniture 'to the tip' will cost so why not transport it for someone in need,though many charities liken those mentioned and the Douglas Macmillan hospice network will collect free of charge.


When my father died, some furniture went to the local hospital which needed to furnish short term accommodation for young trainee doctors visiting for special courses and the rest was collected by the Furniture Warehouse, a local charity that sells to people in need, at affordable prices.

Cheeky_Monkey

I think that all these perfectly good suggestions of giving the furniture to charity are falling on deaf ears :mad:

I think the only one left is that the OP sits on the brand new worthless furniture and swivels

anotheruser

Rain_Shadow wrote: »

Nothing like the taste of sour grapes is there?

Perhaps tongue in cheek?

If I had £500k of free money coming to me, I wouldn't be wasting my time on a money saving forum, just to save less than £100.