Shares.

[_raider_]

I have a "certain" amount of money tied up in a house, if i sell this house and move the money from the house straight into my rather sizeable stock brokers account, do i pay any form of tax?

[percy flage]

Is this your own residence? Or a BTL property?

[_raider_]

I own it.

[Ribol]

I think PF is trying to establish if it's your 'primary' home?

[_raider_]

No, its a week house which I ont need any more.

[Ribol]

As it isn't your primary home you will owe taxman and robbing CGT on any profit you may have made on it.

[Eric Mc]

As it is not your primary resoidence, the disposal of the property MAY be subject to CGT. However, whether it is will be dependant on a number of things such as, the size of the actual gain realised, the length the time you have owned the property and whether you jave evr lived in iyt yourself.

Dpn't forget that you can make total gains of up to £8,800 in the current tax year without having to pay any CGT.

[Ribol]

Eric Mc said:

As it is not your primary resoidence, the disposal of the property MAY be subject to CGT. However, whether it is will be dependant on a number of things such as, the size of the actual gain realised, the length the time you have owned the property and whether you jave evr lived in iyt yourself.

Dpn't forget that you can make total gains of up to £8,800 in the current tax year without having to pay any CGT.

Spoken like a true accountant