Selling my flat

[Mary-Christmas]

If I were to sell my flat and not buy another but use the proceeds to rent for the foreseeable future am I liable to pay any tax on the money? Thanks in advance for any answers.

[buildersmate]

If you are referring to a flat that is your sole property in the UK in which you have been living yourself all of this time, then you are not liable to pay any income tax on any profit made between the price you sell it at and the price you originally bought it for.