> I would like to sell my 2 bed First Floor flat.
> I am not looking to buy any other property.
> I know that i have to pay tax on the profit of my flat, the profit on the
> sale of my flat should be in the region of between 40K -60k
> Could you tell me if this Property Tax or Capitol Gains Tax, could you
> also tell me what percentage I'd have to pay on the profits.
> > My intention is to buy a house in 2 -3 years time with the money, I am
> gambling that house
> prices will go down in this period making it cheaper for me to buy.
> Will the tax that i have to pay be in one large sum or in instalments.
> My original intention was to open a bank account and keep the money there
> until i buy a new place,
> which as i mentioned earlier would be in 3 years. How much (percentage)
tax
> would i have to pay
> on my savings account and could you suggest any ways of reducing my tax
bill
>
> ie low risk. Many thanks
>
>
>
>
>
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