In most cases you don’t pay any tax for any tax years in which you, your spouse or civil partner spent at least 90 days in your UK home. on a pro rata basis ? I cut part of its garden off to sell as land for £100,000. Hi I live in the property for a number of year met my further wife and changed the mortgage to a buy to let with her on the new mortgage. There are some exceptions when you don’t get full tax relief for the final period. However, you will usually … On the other end of your investment, your selling price is what you sell your property for minus any commission or closing fees you pay to sell it. You also can't claim income tax deductions for costs associated with buying or selling it. If you have used up some or all of your CGT allowance for a particular year, consider delaying the sale of your property to the next tax year. You pay no CGT on the first £12,300 that you make. This means your property can increase by this amount before any CGT will be payable on the sale. Thanks. If you give a property to your spouse or civil partner, or to a charity, there won’t be any CGT to pay. Furthermore, the Autumn 2018 budget introduced changes to capital gains tax in the UK. The amount of “gain” you make is taxed, not the full amount of money that you receive. I am now looking to sell. But if don’t sell … The gain will be measured from the date at which you acquired the property. If your mortgage lender handles your property tax payments for you, you … 4. Purchased in 2004 163.500, became an accidental landlord. Only my name is on the land registry. I am considering selling my second home which will be at a profit but reinvesting in a another home do i pay capital gains at this point or wait until I actual make a gain? I am now retired. If you’re a higher or additional-rate taxpayer, you’ll pay 28% above an annual CGT tax … Do I consider capital gain tax in two financial years on the amount got in each financial year.? this is my only main residence. My wife continued to live there until it was sold in May this year. If you’re disabled or in long-term residential care the final period is 36 months. When working out capital gains do I do it from the time of first buying or the remortgage? The OTS issued some recommendations in November 2020. The first is that £12,000 of your profits can be made completely free of tax. Should I sell my home before buying a new one? How to make my home more valuable and sell faster, Estate Agents' contracts - what to watch for, How to resolve disputes with estate agents: a guide for sellers, How to go about selling your house online, The legal side of selling a home explained, Questions to ask your conveyancing solicitor before you instruct. You can calculate your … Would CGT be owed when inheriting the property? If you sell a property that was occupied by a dependent relative, then you may not have to pay CGT. Because you own the London house jointly with your husband — and your husband is not a US taxpayer — you are presumed to own all the gains for US tax purposes. These figures are based on selling a residential property. Simply put, you need to occupy the house before putting it on the market to claim the PPR Relief. It is thought the Chancellor could announce changes to capital gains in the March 2021 Budget. Here’s a good resource that can help you get a better understanding of this type of tax, when it applies, and what the tax … Currently, you don’t have to pay capital gains tax on your … Generally speaking when you buy and sell a house that’s your principle private residence (PPR) this doesn’t affect your tax return. To enforce this rule, the Spanish Tax Authority withholds 3% from the sale of your … Deduct certain buying and selling costs. If you have capital gains in a particular tax year, you should apply to submit a tax return if you don’t do so already. You don’t get any relief for the final period for any part of your home that you never lived in because you let it out or used it for business. Is an Energy Performance Certificate (EPC) important for selling my home? Selling an overseas property As a resident in the UK, you are still obliged to pay capital gains tax if the property you are selling is overseas. Should I sell my home before I buy a new one? As the seller, you can expect to have to pay: Estate agency commission (typically between 3-6%) An energy performance certificate (between €150-€500) Capital gains tax if you are selling for more than … In buying and selling, you paid a total of £5,000 to solicitors and an estate agent. Therefore, if you sold your house in May 2019 you would declare it in June 2020 and not in that year’s declaration. New Home Warranties - What they do and don't cover, An overview of government schemes to help you buy, What not to forget when viewing a property, Making an offer and haggling over the price, How long does it take to buy and sell a home, What To Do After a Bad House Survey Report, The legal side of buying a home explained, Finding the right solicitor or conveyancer. Any amount above this will incur CGT property rates. Would I be better off selling the property with planning permission from a tax point of view,hope ive explained this well enough. Don’t forget your spouse’s allowance. Even if you have no tax to pay, you must tell HMRC you’ve sold the property within 30 days of transferring ownership (conveyancing). So as the economy struggles amid the global coronavirus pandemic, it’s no wonder the Chancellor asked the Office of Tax Simplification (OTS) to review the tax as a means to raise government funds. It is not clear though how long you have to reoccupy the house before selling it. Costs involved with improving assets, such as paying for an extension, can also be taken into account when working out your taxable gain.  However, you’re not allowed to deduct costs involved with the upkeep of the property. You may still owe some tax if you qualify for tax relief for a tax year, but in that year one or more of the following applies: You get full tax relief for the last 9 months you own your home if you qualify for tax relief for any period. You may have to pay tax when you sell (or ‘dispose of’) your UK home if you’re not UK resident for tax purposes. While you own the house, you renovate the kitchen, bathroom, and finish the basement, totaling $50,000 in expenses. Your selling costs amount to $2,000. You pay £100 at 10% tax rate for the next £1,000 of your capital gains. You can change your cookie settings at any time. You won’t pay tax on the sale of your home unless you have gains that are more than $250,000 if you’re single, or more than $500,000 if you’re married and file jointly. You probably won't take a big capital gains tax hit if you sell your primary residence, thanks to the Taxpayer Relief Act of 1997. Usually, when you sell your main home (or only home) you don’t have to pay any CGT. If your rental property has risen in value by more than your CGT allowance by the time you sell it, you’ll have to pay CGT. The Office for Budget Responsibility forecast that in 2019/20 CGT would raise around £9.1bn, which is about 1.1% of all tax paid in the UK. We use cookies to collect information about how you use GOV.UK. In this case, when you sell the house, your capital gain will £80,000. You must pay tax on gains you make on UK residential property on amounts greater than your capital gains tax … We’ll send you a link to a feedback form. And you can deduct your annual tax-free CGT allowance from that if you … Is there any allowance for a home office for a PAYE employee? Nominate the property as your main residence. If you didn't live in the home the entire time you owned it, you may have to pay tax on part of the … How can I get a discount on my council tax? I am selling our only property but have rented it out in the past. You may get tax relief if the property is a business asset. Michael Cousens. with the UK's leading fee-free mortgage broker, with instant quotes from quality assured firms in your local area, with instant quotes from chartered surveyors in your local area, with instant quotes from quality removal firms in your local area, in your local area to help you with a planning application or appealing a refusal, that you can trust from your local area with our partners at Checkatrade, with our free Ofgem accredited switching service and save £££, in your local area and review how successful they are at selling homes, Sign up to our newsletter I have sold my primary dwelling house. Find a local independent financial adviser through our partners at unbiased. You generally won't need to pay the tax when selling your main home. Final payment came in second financial year. You can work out how much tax relief you get. You’ll need to work out if your gain-minus-allowance will lift your income into the higher-rate band. I own only one home but am living elsewhere and it is rented out. Don’t worry we won’t send you spam or share your email address with anyone. I understand there is no CGT to pay, but do I need to report it on a tax return within 30 days like you would if it was a second home? If I move into an inherited home will I have to pay CGT on my exisiting home when I sell it? The short answer is, it depends. either sell the property with planning but put the property price up to lets say £330,000 Prize draw to win voucher offer ends 31st December 2020.Read our privacy policy, for the latest news, advice and exclusive money saving offers, The HOA Step-by-Step Guide to Buying a Home. Don’t include personal or financial information like your National Insurance number or credit card details. However, if you are a UK resident and the property is your main residence, any ‘profit’ you make is usually exempt from tax. Will you have to pay tax when selling a home or other property? I own no other properties. My wife isn’t on the deeds so I could put her on but concerned the tax man will see this as tax evasion, given we should exchange very soon. The rules on doing this are fairly strict, so talk to your adviser about how to do this properly. If you make a taxable capital gain from UK residential property, either as a landlord or second home owner,  in the 2020-21 tax year, you will have to pay the tax owed within 30 days of the completion of the sale or disposal. Thank you. For the latest news, advice and exclusive money saving offers. The hidden costs of buying and owning a property, The Bank of Mum and Dad – how to help your child buy a home, The home includes a lot of land/additional buildings (5000 square metres or more), You’ve sub-let part of it (but having one lodger doesn’t count), Part of your home is exclusively business premises, You bought it just to make a gain (e.g. You’ve accepted all cookies. I would be grateful for your advice when you have owned a second home/holiday flat in the UK for ten years which is in the husbands name only. If you are a non-resident you will pay 19% capital gains tax in Spain. For example: Some of these points may be open to interpretation and dispute, so if you are in any doubt it is sensible to seek advice. Basic rate taxpayers pay lower CGT, so if you are higher-rated and your spouse isn’t, you could reduce your CGT bill by transferring all or part of the property into their name. Capital gains tax (CGT) is payable when you sell an asset that has increased in value since you bought it. For how long, must I live their until I can sell it free of CGT ?? Get a snagging survey for your new build home, How to finance my home improvement project. Yes. Leasehold vs Freehold - what's the difference? When you make a profit from selling an asset in the UK, such as stocks and shares or a property, typically you have to pay Capital Gains Tax. I sold property. At that time, you pay closing costs totaling $3,000. I own and live in one property. N.B. Hi, just wondering, I buy a home lets say for argument sake worth £250000. If you sell a property in the UK, you may need to pay capital gains tax (CGT) on the profits you make. If you inherit a property (and any inheritance tax due has been paid by the estate) then there won’t be any further tax to pay until you sell the property. So 2 options after getting planning permission. I have a BTL/2nd home that I purchased in 2011. Do you pay tax when you sell your house if you’re a non-resident? Can I take my mortgage with me when I move home? Got advance payment in one financial year and signed the agreement. What happens to my home when I get a divorce / separation? Generally, yes. I am in the process of selling my buy to let house. It is held in my name and would therefore trigger the 28% banding of tax. For second homeowners and buy to let landlords, it’s worth noting that their 11 recommendations included: A second OTS report looking at technical and administrative issues is expected in early 2021. 5. We also look at changes the government may be making to the tax in 2021. Since 6 April 2020 there have been changes to how customers declare and pay Capital Gains Tax. When you sell a property in the UK, if you’re a basic-rate taxpayer payer you’ll pay a rate of 18% on any gain (profit). Working out exactly how much CGT you have to pay means doing a few sums. Regards There is an online service to inform HMRC and pay the tax. Bathroom refurbishment: where do I start? My only child also lives here and has never owned a property. There are various ways you can minimise or even eliminate a capital gains tax bill. I never really planned for it to be a BTL when I bought a house in 2013 but I suppose I have enjoyed some perks from it in that time. Find out how to get help with working out your tax. For residential property it may be 18% or 28% of the gain (not the total sale price). Since then, you… Kindly let me know ASAP. Some assets are tax free and you also do not have to pay capital gains tax if all your chargeable gains in a year are under your … You should speak to a financial advisor about this to see if there is any way of reducing your potential tax liability – you can find a financial advisor by using the link in our guide above. or sell the land ,if i sell the land i realise i will have to pay 18% CGT, so if i am on £20,000 per year PAYE will i need to pay anything extra. I will make around 150k profit. Ive work from home 2 days a week for years. You only have to pay CGT on gains that exceed your annual allowance. For property sold in the 2019-20 tax year, you’ll have until the next self-assessment tax deadline on 31 January 2021 to declare any profit made from the sale and pay the tax owed. An independent financial adviser can give you their unbiased view on whether your home will be exempt from CGT. Thanks to your home upgrades, you’re able to sell the house for $250,000. If your buy-to-let property has risen in value by more than your CGT allowance by the time you sell it, you’ll have tax to pay. A No, you won’t be required to pay capital gains tax (CGT) on your rental income but depending on how much income you get, you may have to pay income tax. You pay Capital Gains Tax when your gains from selling certain … Mortgages for the over 55s The hidden costs of buying and owning a property However my wife does not work, could I transfer this to my wife’s name before selling to trigger the lower rate of 20%? When you sell your house, you might have to pay taxes on the money you earn from the sale. If you decide to now put the wife’s name also on the Deeds as a joint owner this presumably would give you additional relief from Capital Gains Tax, in the event of a disposal, by using the personal allowance for both parties. My father has gifted his house to me as he now is in care I will be putting the house up for sale this year hopefully selling for around 80k will I have to pay CGT if so how much? Therefore, if you’re selling a house, it’s important to note that you may have to pay capital gains tax depending on your situation. Click the button below and complete a short form to be connected with local advisersÂ. It is possible to deduct some costs when working out your CGT bill including legal and estate agents’ fees, and stamp duty incurred when buying the property. Thanks, Jon, I have just sold my main residence, and am moving to my cottage, (never rented) and will be informing the world, that it is my main residence. Will I have to pay tax if so how much ?? But keep all the records relating to your home so that if things change – for example, you rent it out – you don't pay more tax … Just subtract your CGT allowance from your gain, and your bill will be 28% of the remainder. You may have to pay tax when you sell (or ‘dispose of’) your UK home if you’re not UK resident for tax purposes. Am I liable to pay any CGT and if so how is it calculated? However, there are exceptions that may result in you paying very little or even nothing at all in … To help us improve GOV.UK, we’d like to know more about your visit today. How much is stamp duty and when should I pay? Step by step guide to extending your lease? Do I need a mortgage broker? Ask your adviser about this. You pay £1,340 at 20% tax rate on the remaining £6,700 of your … Worth currently 295.00-300.00, I bought a house in 1983 and lived there full time until 2015. You may get some tax relief. I’m not due to pay CGT do I still need to complete a self assessment. Selling a house When you sell a house, you may have to pay Capital Gains Tax (CGT) on the proceeds of the sale. The rate varies based on a number of factors, such as your income and size of gain. How to find the best tradesman for the job, Got a tradesman already? However, in some circumstances you may have to pay some. Your children’s savings accounts. Read on to find out if you’ll have to pay capital gains tax, and if this is the case, how you might be able to reduce your tax bill. Buying your home1) Stamp Duty Land Tax: Previously known as Stamp Duty, is an amount you will have to pay if you buy a property worth £125,000 if you are a property developer), You have another home that could be considered your main residence. For example, if you buy a shareholding for £5,000 and later sell it for £15,000, you made a gain of £10,000. Capital gains tax (CGT) breakdown. Trying to judge whether to sell my btl flat this tax year or the next tax year and to how the changes could affect the costs, so if I sold next year after April will it cost me a lot more money? 1. Usually, when you sell your main home (or only home) you don’t have to pay any CGT. How is the value of a self-built sole property assessed if it is then sold less than 12 months after its occupation? Everything above the band will be taxed at 28%, while everything below it will be taxed at 20%. Mahmuda Mirza. If you own the home for at least five years and live in the home as your primary residence for at least two of those five years, and sell the home for a profit of not more than $250,000 (or $500,000 if you are … You may also have to pay tax in the country where you … The rules are different if you’re UK resident and sell your home. Do I need an Independent financial adviser? Generally, yes. If you own several properties and wish to sell one, you may be able to reduce or eliminate the CGT bill by nominating it as your main residence in advance. Meanwhile, when you sell your house which is an investment and not a primary private residence, you need to pay capital gains tax. You do not usually need to pay tax on gifts to your husband, wife, civil partner or a charity. Rightmove, Zoopla and the rest: which is best? Generally, you don't pay capital gains tax if you sell your home (under the main residence exemption). If you’re a higher-rate taxpayer, it’s quite simple. If you’re a non-resident selling a UK residential property, you only pay UK tax on the gain you’ve made since 5 April 2015. Other assets may be calculated differently. When you dispose of cryptoasset exchange tokens (known as cryptocurrency), you may need to pay Capital Gains Tax. Your adviser can help you calculate it accurately. The taxable amount seems pretty clear, and should imagine just one of those things you need to pay…. However, in some circumstances you … You only get some tax relief for the final period if the grounds, including all the buildings, were greater than 5,000 square metres (just over an acre) in total. Do I need an Independent financial adviser? Check they are legitimate now, What's the best way to find a tradesman online, What to do when a Planning Application is refused. When you know how much relief you get, you must work out your gain to know how much tax you owe. The tax-free allowance is currently £12,300 per person in 2020-21 (or £12,000 in 2019-20). The IRS provides a … I have now sold the property. Could you advise whether in the event of a sale you would get the benefit of the full capital gains tax personal allowance or just a proportion for the length of time the wife’s name was added i.e. Buying a new build home - problems and top tips, How to fix problems in your new build home. Ask your adviser about the most efficient way to do this, to make best use of both your allowances. Seven ways to cut your monthly mortgage payments. The Bank of Mum and Dad – how to help your child buy a home, Let our partners at unbiased match you with a local IFA. Do I need a snagging list for my new build home? It will take only 2 minutes to fill in. If a parent gives money to their own child and the interest comes … Let’s say that years ago you paid $200,000 for a house. Is there a CG to pay? Tony Bell, Hi Remember that everyone has a CGT allowance, so if you are the sole owner of a property, you can double your allowance by sharing ownership with your spouse. This was reduced to a standard levy from 19.5% in 2016. Taxpayers can exclude up to $250,000 in capital gains on the sale of … The hidden costs of buying and owning a home. If you’re a basic-rate taxpayer, it’s a bit trickier. Under the rent-a-room … The step by step guide to selling your home. If you sell your home in one year or less of purchasing it, you’ll pay the short-term capital gains tax rate, which is equal to your income tax rate. We use this information to make the website work as well as possible and improve government services. At that time, you paid $8,000 in taxes and closing fees. As a non-resident you only pay tax on any gain made since 5 April 2015. This is called ‘the final period’. If I sell it, will I be liable for CGT? Selling property in the UK is subject to capital gains tax on any profits you make. To qualify, you must nominate the home as your only or main home when you tell HM Revenue and Customs (HMRC) you’ve sold it. If you sell after owning the home for more than … All content is available under the Open Government Licence v3.0, except where otherwise stated, Coronavirus (COVID-19): guidance and support, Transparency and freedom of information releases, you let part of your home out - this doesn’t include having a lodger, the grounds of your home, including all buildings, were greater than 5,000 square metres (just over an acre) in total. I believe I am still due to pay tax on the profit? Based on the Taxpayer Relief Act of 1997, if you are single, you will pay no capital gains tax on the first $250,000 you make when you sell your home. Related Reads For residential property it may be 18% or 28% of the gain (not the total sale price). Service charges and maintenance companies. That’s because your PPR is exempt of tax when you sell. I’m under the threshold. If HMRC decides that a property isn’t your main residence, you will have to pay CGT on any gain in its value above your CGT allowance. for the latest property news, tips & money saving offers. Principal Private Residence (PPR) Relief If the house is your only or main … At closing, you’ll pay taxes prorated up to the closing date (your buyer will take over property taxes once they take possession). Do I need life insurance? To fix problems in your new build home, how to do properly... A charity, there won’t be any CGT above the band will be taxed 28! Tony Bell, Hi I am in the March 2021 budget a tax point of view hope. Doing a few sums you do not usually need to pay any CGT will taxed!, just wondering, I buy a new one may have to reoccupy the house $... Value of a self-built sole property assessed if it is thought the Chancellor could changes! ) relief if the house, you have to reoccupy the house, your capital gains in. Could announce changes to capital gains in the past that could be considered your main home ( £12,000! Cut part of its garden off to sell as land for £100,000 tony Bell Hi. Bell, Hi I am in the past just one of those things you to! Number of factors, such as your income into the higher-rate band ’ t send spam! Gains tax view on whether your home upgrades, you’re able to sell house. With buying or the remortgage new one tax rate for the job, a... Pay capital gains tax in Spain 1983 and lived there full time until 2015 to... Or selling it and complete a short form to be connected with local advisers advance payment one! With me when I sell my home before buying a new build home point. About your visit today an accidental landlord bit trickier rightmove, Zoopla the... Which is best there are various ways you can change your cookie settings any... On any gain made since 5 April 2015 asset that has increased in since... Home improvement project year. higher-rate band, wife, civil partner, or to feedback... Your children’s savings accounts information to make best use of both your allowances after occupation. Gain of £10,000 April 2020 there have been changes to capital gains do I do it from time. Minimise or even eliminate a capital gains do I need a snagging survey for your new home. Home that could be considered your main home ( or only home ) you have. Spouse or civil partner, or to a charity or to a charity, won’t... ( not the total sale price ) are fairly strict, so to. Tax point of view, hope ive explained this well enough saving offers you minimise... The rest: which is best we ’ ll send you spam or your. Increased in value since you bought it your allowances of view, hope ive explained this well.... To selling your main home if so how much relief you get view, hope ive explained this well.... 295.00-300.00, I buy a new one for how long, must I live their until I sell! Best tradesman for the job, got a tradesman already wondering, I buy a home say... Capital gains tax ( CGT ) is payable when you know how much CGT you have pay. The remortgage would I be better off selling the property work from home 2 days a week for.! Or £12,000 in 2019-20 ) or selling it a capital gains do I still need to complete a form! Be payable on the first £12,300 that you receive of view, hope ive explained this well enough signed! Rules are different if you ’ re disabled or in long-term residential care final... Move into an inherited home will be exempt from CGT to get help with working capital. After its occupation of a self-built sole property assessed if it is not clear though how long you to. As a non-resident you only have to pay CGT on my council tax 36 months I have to pay CGT! The most efficient way to do this, to make best use of both your.... T get full tax relief for the next £1,000 of your … Yes, you! Just subtract your CGT allowance from your gain to know more about your visit.... The government may be 18 % or 28 %, while everything below it will take only 2 minutes fill! Became an accidental landlord, Zoopla and the rest: which is best exisiting... The 28 %, while everything below it will be 28 % banding of tax when don! On any gain made since 5 April 2015 unbiased view on whether your home sale of your gains. The rules on doing this are fairly strict, so talk to your adviser about how find... Any time there won’t be any CGT and if so how much? you make garden to. Not have to pay tax on the amount of “gain” you make selling! Your email address with anyone t worry we won ’ t get full tax relief you.. Made a gain of £10,000 has increased in value since you bought it before! Different if you sell your main home ( or £12,000 in 2019-20 ) the past % of the will. As well as possible and improve government services house if you’re a non-resident help with out! Consider capital gain tax in two financial years on the amount got each... Accidental landlord $ 200,000 for a PAYE employee online service to inform HMRC pay... Of both your allowances with buying or the remortgage enforce this rule, the Autumn 2018 budget introduced changes capital. In this case, when you sell the house is your only or main … your savings... To sell as land for £100,000 live their until I can sell it £15,000. ) is payable when you don ’ t worry we won ’ t worry we ’! Life insurance the latest news, advice and exclusive money saving offers is there any allowance for home... Government services house, you must work out your gain to know how much tax relief you.. A divorce / separation tax point of view, hope ive explained this enough. Share your email address with anyone well enough have rented it out in the March 2021 budget would be! Form to be connected with local advisers tax when you know how much stamp... Your only or main … your children’s savings accounts got a tradesman already, so talk to your spouse civil. You will pay 19 % capital gains tax bill you generally wo n't need to tax. Need to pay sell your house if you’re a non-resident you only pay tax when your... 2 minutes to fill in is there any allowance for a home a PAYE employee so how much you! Per person in 2020-21 ( or £12,000 in 2019-20 ) after its occupation worth currently 295.00-300.00, buy! Sale of your … Yes exisiting home when I move home, while below... A home or other property you’re able to sell the house, your capital gains tax bill give property. Rightmove, Zoopla and the rest: which is best you sell your home CGT ) is payable you. I cut part of its garden off to sell as land for £100,000 while below. You receive bill will be payable on the amount got in each financial year. (. ( EPC ) important for selling my buy to let house need a snagging list for my new build -. To sell as land for £100,000 I buy a shareholding for £5,000 and later sell it rate varies based a... The remainder how long you have to pay any CGT Zoopla and the rest which. Snagging list for my new build home home that I purchased in.! Or only home ) you don’t have to pay tax on the sale have it! A short form to be connected with local advisers gifts to your,... At that time, you made a gain of £10,000 saving offers let’s say that years ago you paid 200,000! Home before I buy a new build home - problems and top tips, how to the... Be payable on the sale of your capital gain will £80,000 may this.... Year. from home 2 days a week for years a business asset a bit.. In may this year. not clear though how long you have to pay tax when you sell home. A feedback form how much tax you owe is not clear though how long have! Below it will take only 2 minutes to fill in £12,000 in 2019-20 ) tax when you sell main! There are various ways you can minimise or even eliminate a capital gains do I do from. Income and size of gain pay 19 % capital gains do I need life insurance adviser our... A shareholding for £5,000 and later sell it, will I have pay! A home or other property buying or the remortgage information like your National insurance number or credit details. To fill in the hidden costs of buying and owning a home out. One home but am living elsewhere and it is held in my name and would therefore trigger the 28 banding! Will I have to pay tax when you sell your house if you’re a basic-rate taxpayer, it’s simple... Your property can increase by this amount before any CGT the final period is 36.! Top tips, how to get help with working out your tax bit trickier we ’ ll you. To fix problems in your new build home your main home ( or in! House is your only or main … your children’s savings accounts Certificate ( EPC ) important selling.