Can I claim a cost for furnature that I owned (for years) and used in one of my rental properties?

[Delphision · Accepted solution]

The problem is that you would need to add it at market value this year which is probably very little.  You would have to add it as a class 8 at 20% and only claim half of that the first year.  I don't thin it is worth it.

If you wanted to use it as an expense, you probably could due to the low value, but you would use the market value of a "years old" couch, which again is likely to be very little.  You cannot claim the original cost.