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advice on selling and possible taxes
amibovered?
Posts: 69 Forumite
Hi
I wonder if anyone can help or advise please.
Situation is that a couple of years ago we bought a second house. This was let till recently. We are considering moing into the second house in the next couple of months. The house we currently live in has a mortgage.
My question is if we move and then later sell our current home will we incur any kind of charge or taxes.? The amount involved will be upwards of £220k after settling the mortgage.
Thanks
I wonder if anyone can help or advise please.
Situation is that a couple of years ago we bought a second house. This was let till recently. We are considering moing into the second house in the next couple of months. The house we currently live in has a mortgage.
My question is if we move and then later sell our current home will we incur any kind of charge or taxes.? The amount involved will be upwards of £220k after settling the mortgage.
Thanks
0
Comments
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If you sell your current house and move to the other,there are no taxes to pay. I am not sure how long you have to sell your current home before tax is paid but someone will be along soon.0
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