Bereavement - Selling a house

Zelda247 wrote: »

I wondered if anyone knows if you are penalised for selling a house a few months after buying. I have recently lost my husband and we only own the house 3/4 months but I want to sell it and don't know if I would incur extra tax costs due to only owning it such a short time.

Many thanks again.

Condolences on the loss of your husband.

No there are no extra tax implications for selling a home you have owned for a short time. It is the same as selling a house at any time.

First of all condolences on your loss.

One of my best mates died four years ago. He was just married like your husband was. He and his wife weren't long in their house. I became really close with his wife and I can really appreciate where you're coming from.

Please, don't do anything for a year. I appreciate the pain you're in and if you still want to sell the house it can be done in a year, but give yourself the chance to grieve his loss and make the decision later. Now is not a time for big life decisions. Look after yourself. I realise that the house my represent the life you had planned with him but i know myself that if it were me leaving my partner behind id feel much happier knowing that they had a safe roof over their head. Like i said, let things settle. If you still want to sell in a year you still can.

Pocketse