Property Tax on Selling

[Littlelegs]

Hi

Please could anyone tell me what the property taxes are when selling

Thank-you
Littlelegs

[biffa]

This is fairly simple!

If you sell your main place of residence and make a profit you will be taxed,

If you are a tax resident you can "roll over" the whole sale proceeds into a like acquisition within 2 years and avoid the tax.

Non residents cannot do this.

All can set off certain capital expenditure against tax

[Guest]

Hi! Biffa, yousay "tax resident". When I bought my 1/4 share in a villa I was registered and given a tax number. Does this mean I am tax resident.
Also you didn't say what the rate of tax would be.