Authority and contractual commitment
Tell your solicitor about all owners, tenancies, estate administration and court orders. Check any restrictions before signing. The binding stage differs by jurisdiction and sale method.
The money available after sale
Ask the lender for a redemption statement and compare all seller fees in writing. Include secured loans and repayment charges. Do not assume your outstanding mortgage is deductible when calculating a capital gain.
Tax and the next move
Check Private Residence Relief and any reporting obligations with HMRC or an adviser. A second-home, rental or inherited-property sale may need specialist calculations.
If you are buying next, allow for the relevant national purchase tax, legal work, surveys and moving costs. Our next-home tool is a rough affordability illustration, not a lender offer.
Sources & review
Last reviewed:
Simplified individual estimate for 2026/27. Assumes the full £3,000 allowance is unused; excludes losses, other gains, ownership shares and reliefs. Basic-rate mode applies 18% to all taxable gain and may underestimate tax: part may be taxed at 24% when income plus gains exceeds the basic-rate band. Not suitable for estates, trusts or companies.
- HMRC — Capital Gains Tax rates
Individuals: 18% within the available basic-rate band and 24% above it; taxable income and gains must be considered together.
- HMRC — CGT allowances
The individual's annual tax-free allowance is £3,000; it is shared across gains for the tax year, not per property. Trusts have different rules.
- HMRC — Tax when you sell your home
Private Residence Relief can exempt a qualifying main home; second homes and let properties may create a taxable gain. Relief has conditions.
- HMRC — Reporting and paying CGT
UK residents with CGT to pay on a UK residential sale generally must report and pay within 60 days of completion. Non-resident reporting obligations differ.
Review dates record our source check, not the date a rule took effect. Rules can change; check the linked guidance before acting. Legal processes differ across the UK.