If I sell my house do I pay taxes?

Usually, when you sell your main home (or only home) you don’t have to pay any capital gains tax. However, in some circumstances you may have to pay some. It’s best to consult an independent financial adviser. If you are selling a second home, you generally do have to pay capital gains tax, 18 or 28% on the gain, the difference of value between the price you sell the house for and the price you paid for it.