Hello,
I have sold (subject to contract) my house. I may decide to rent for a while after completion so I can choose at leisure where to move to.
Is there any tax to be paid from the sale of the house? I know there isn't if I immediately buy another one. But what if I wait a year? Or never buy another house again in the UK (e.g. move abroad)?
TIA,
Lomax.
No tax on any gains on your main residence, whatever you do.
In article , lomax writes
There is no such option to avoid tax by buying another house (are you thinking of some sort of "roll-over relief"?).
If the property has always been your main residence (or always except for the last 36 months), then no tax should be due, as any gain is exempt.
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