Alex Taylor
Joined: 11/21/2023
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Tax on cash savings from house sale
Hello HMRC We are moving from England to Scotland and intend to sell our home in England and rent a property in Scotland. As the property we are selling is our main home I understand we won't pay capital gains tax when we sell it. However, if we put the money from the house sale in a cash savings account, what tax do we pay on any withdrawals and/or interest earned? Do the regular tax on savings interest apply (e.g. https://www.gov.uk/apply-tax-free-interest-on-savings)? Thank you in advance for any adivce.
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