We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
selling house? tax?
rjh090384
Posts: 2,224 Forumite
hi
i am in northern ireland and we are thinking about selling our house and buying another in order to cut the size of our mortage.
we would make a sizeable profit selling this house of around 150k but will be putting all after fees into new house.(20k of it not put in until next february when our fixed term runs out). would we be taxed on the profit we make?
thanks for your help.
i am in northern ireland and we are thinking about selling our house and buying another in order to cut the size of our mortage.
we would make a sizeable profit selling this house of around 150k but will be putting all after fees into new house.(20k of it not put in until next february when our fixed term runs out). would we be taxed on the profit we make?
thanks for your help.
love you lots like jelly tots 
0
Comments
-
no tax on your main residence .So if the £150 profit is from your main residence you wont pay tax .0
-
thanks very much for your helplove you lots like jelly tots0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards