rent property sale

I have inherited the whole of my father’s estate in the UK. There is no mortgage on his property. I too have no mortgage on my property. I am going to move into my father’s house, and either rent or sell my own. Will there be income tax to pay on the sale/rent of my property?

Rent Back

Related articles:

  1. Is it risky or beneficial to rent between buying and selling a property? My boyfriend and I are relocating because of work and need to move very quickly. Our flat has been on the market for 2 weeks and we have another...
  2. how to avoid rental property sale tax? I have a rental property which was converted from my primary residence. I plan to rent it out for a long time. So by the time that I want...
  3. re: Capital gains tax on sale of commercial property? I own a Tenant-in-Common (TIC) interest in a com’l property.. The property is currently in the process of being sold after 5 years. My question is: We have paid...
  4. Back property taxes and tax sale question? I own my own house in which I live. I also own a very small piece of property with a small cottage on it in the next town over...
  5. claiming the house in 2008 if my name is not on the mortgage, but property tax? hi everyone! i want to know if i can claim the house this year if my name is not on the mortgage but on the property tax? my brother’s...

Tagged with:

Filed under: rent property