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tax
tubby210
Posts: 240 Forumite
in Cutting tax
I was given 90 day notice of redundancy yesterday and i was made redundant january last year. I want to sell my house and rent then bank my profit about £80000. Will i have to pay tax on the 80000 if so how much
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Comments
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if you sell your house (i.e. one you are living in as your prinicpal residence) then there is no tax on your 'profit'.
Obviously if you put the money in a saving account you will pay normal tax on the interest just like any other money in a saving a/c.0
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