About this Guide

It depends on your reason or intention when you buy the property.
We look at your reason or intention to work out if you should pay tax on the profit from the sale of a property.
If you buy a property with the firm intention of selling it when prices rise – to make a gain from the increase in the property’s value – the profit is likely to be taxable.
However, if you buy a property to provide a home for your family, any profit from the eventual resale isn’t likely to be taxable.

When to use this guide

If you purchase any residential property on or after 1 October 2015 and sell it within a certain period of time, the sale may be taxable, no matter what your intention was when you purchased it

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