The property selling process is filled with legal jargon, hidden costs and different taxes that you may or may not have to pay.

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Throughout the 2016/17 financial year, families across Britain paid over £5bn in inheritance tax for the first time in history. This was largely attributed to higher numbers of middle-class families facing the tax due to the rising house prices in the South, and an increase in stamp duty stopping older homeowners from downsizing.

With a 9% rise in the amount of Inheritance Tax paid, it’s important that anyone looking to sell a property is aware of any taxes certain circumstances may require them to pay. Therefore, we’ve created our tax calculators.

Dealing with Inheritance and Capital Gains Tax, they help anyone selling a house find out how much they could be liable to pay. However, these taxes don’t always need paying and it’s only under certain circumstances that they do.

• Capital Gains Tax calculator – This is paid when you sell an asset; in this case, a property that has increased in value.
• Inheritance Tax calculator – The amount paid for this tax will depend on how closely related you were to the deceased.

These taxes can be complex if you don’t have a starting point, so our calculators are designed to help you. However, there may be factors that we can’t account for, so it’s important to only take these as estimates.

You can find our Capital Gains Tax calculator here and our Inheritance Tax Calculator here.

At We Buy Any House, we provide more than just calculators. We specialise in buying properties quickly and without any hassle. Our service takes care of everything from the valuations to all the legal work. So, if you need a quick sale then get in touch today to see how we can help.

Follow our blog here for regular property news and more advice on how you can sell your property today.

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