Tax on sale of rental houses

1 Thanks
30 Posts
17 years ago
I wish to sell two houses and to use the proceeds to buy a house to live in. The amount from the two house will not bee enough to purchase my new home.

The house I currenly live in (worth more than the two rentals sold) will be used as a replacement rental for the ones I am selling. This house will therefore be rented out. Reason for all this is that I wish to be closer to my rentals so that I can maintain them more easily.

In this switch can anyone tell me what my tax liability will be and how I can minimise this?


Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.