Hi there,
Our offer has just been accepted on an apt. We're going to pay the 10% deposit and sign contracts on Friday. We have agreed a closing date of October 7 with the current owner.
The summer sales are coming to an end and we'd like to pick up a few things before they finish. To write off these goods as expenses, do we have to wait until we own the apt before buying them, or can we buy them now and still write them off?
I know that by buying stuff before we actually get the keys we run the risk of the deal falling through and we'd be left with the goods, but we're very confident that the deal will go ahead.
Our offer has just been accepted on an apt. We're going to pay the 10% deposit and sign contracts on Friday. We have agreed a closing date of October 7 with the current owner.
The summer sales are coming to an end and we'd like to pick up a few things before they finish. To write off these goods as expenses, do we have to wait until we own the apt before buying them, or can we buy them now and still write them off?
I know that by buying stuff before we actually get the keys we run the risk of the deal falling through and we'd be left with the goods, but we're very confident that the deal will go ahead.