What are the tax implications when you sell your house?
The Property Buying Company is the right choice if you're looking for speed, convenience and assurance,
Capital Gains Tax (CGT) is something you have to pay if you sell anything at a profit. This goes for most things you buy. However, when it comes to property things are slightly different.
If the property is your home and you’ve lived there most of the time or have lived there within the last three years, you can claim Private Residence Relief on profit made from its sale. This means you won’t pay Capital Gains Tax. You must not have ever rented out any part of the house (having a single lodger does not count towards this) or used any of it solely to conduct business. You must also not have bought the property simply to make a profit. Similarly - married couples are only allowed to count one property as a main home at any one time.
There are a few other situations where you don’t usually have to pay CGT:
Selling a property that is a rental, holiday let, land or inherited property means you can’t claim Private Residence Relief and may need to pay CGT.
Finally - if you’re not a UK resident then you will need to calculate your Non-Resident Capital Gains Tax using the government calculator online.
As cash buyers, we buy any property, in any condition, in any location. If you want to sell your property quickly or want to find out more about how we can help, then get in touch today. All legal fees are included in our service so what we quote you is what you’ll receive.
To find out how we can help you, call us on:0800 024 8444
How much can you get?
Complete a few details to see if your property qualifies and get a cash offer
5 simple steps to having your property sold!
Our quick (but thorough) 5 step sale process means we can buy your house fast and at a great price
Check to see if your property is eligible check now
Receive an offerfrom us within 24 hours
We’ll visit your property & formalise our offer
We’ll instruct solicitors and pay all fees
Exchange contracts & complete as usual
Rated as Excellent - aww thanks guys!
Independent reviews of our service from reviews.co.uk
The whole experience has been easy and very helpful, Lucy & Jessica were both extremely efficient with their service and I would recommend them highly.
Very prompt service and prepared to discuss alternatives and ideas. Very impressed.
The team were all extremely helpful and polite and made every effort to ensure a speedy turnaround. Even offering to cover upfront search costs, in order to expedite the searches, should the outcome of probate not be favourable. They have regularly contacted me to keep myself and my solicitor informed of how the sale was proceeding. The teams efforts didn't stop at the sale of the property. Post sale they have provided expert support and invaluable contacts to ensure my project doesn't delay. Thank you for all your help, I look forward to our next purchase together. Regards Mark
Brilliant company very quick and responsive
I had an excellent experience with the property buying company. Elie Topp was exceptional in dealing with sale of my property. The whole process was quick, easy & transparent. I would definitely recommend the property buying company to my friends.
Why sell your house to us?
We’re one of the leading buyers of residential/commercial property and land in England and Wales. We buy using our own cash facility meaning we can offer the best prices in our industry and complete the sale quicker than anyone else.
|Your options||Average sale length||Typical cost to you|
|The Property Buying Company||2-3 weeks||£0.00|
|Other House Buying Companies||2-10 weeks||£1000|
|Property Auction||6-10 weeks||£2500-£5000|
|Online Estate Agents||16-52 weeks||£1000(upfront)-£5000|
|Estate Agents||16-52 weeks||£5000|
Unlike most of the other options available to you, we are not a broker or middle man, meaning you skip the fees and get a sale quickly and easily.
The Property Buying Company is registered with the Property Ombudsman and is a member of the National Association of Property Buyers
Properties bought by us for cash in
the last 2 years
Of our own money spent buying
property for cash
Average time taken from initial offer
We'll beat any genuine cash offer!
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