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Selling a property..............

Posted by courtiot-185037 - Created: 16 years ago
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Posted by courtiot-185037 - 16 years ago

Thank you all very much for this information, what would we all do if we did not have people like you and a fantasic forum like this to help us!!!!

Thanks again


A good exercise for the heart is to bend down and help another up.

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Posted by mike-179830 - 16 years ago

The mortgage status is irrelevant: you own the property either way; the mortgage is simply a secured loan that helped you to pay for it.

The tax is called (in English) Capital Gains tax - most counties have a version of it, and applies if the property is NOT your primary residence. The main points of this were discussed here.