Savings account and tax

PekingeseTwins

I have sold my property subject to contract. I am going into temporary accommodation when I complete. I have not yet put an offer on the table for a new property as nothing suitable has emerged.
I am likely to have to save between £400-£425,000.  
Where is the best instant access account to hold these funds in, in between completion of my property and purchasing a new one?
Do you get taxed at some point on the whole amount (£400-£425,000) as income or do you only get taxed on the Interest earned?

Dazed_and_C0nfused

PekingeseTwins said:

I have sold my property subject to contract. I am going into temporary accommodation when I complete. I have not yet put an offer on the table for a new property as nothing suitable has emerged.
I am likely to have to save between £400-£425,000.  
Where is the best instant access account to hold these funds in, in between completion of my property and purchasing a new one?
Do you get taxed at some point on the whole amount (£400-£425,000) as income or do you only get taxed on the Interest earned?

You only get taxed on the interest, not the capital.

How much tax will depend on the interest received and what other taxable income you have.