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cgt on house sale?

nadnad
nadnad Posts: 1,593 Forumite
sorry to be dense but we're selling our home - its been our house for 4 years, we should make maybe £100k from the sale, most of which will eventually be put back into our new build. do you pay cgt on profit from the sale of your home?
DON'T WORRY BE HAPPY ;)

norn iron club member no.1

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    assuming it is your principal residence (or only residence) (i.e. you lived there and didn't rent it out) then no there is no tax to pay.
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