Hi,
There may be a capital gain tax liabiliy arising from the disposal of this property.
There is a calculator at:
Tax when you sell property to help you work out if you made a gain on the property disposal.
If after costs have been deduced from the disposal value, there is a gain, then you will need to report and pay the tax within 60 days of the completion date.
At the end of the calculator, you can save a copy of the capital gains calculation and register for a capital gains account, which you can use online, to report and pay the tax due from your calculation.
Thank you.