If you are selling a property which is not your family home (house you rented out, shop unit or other commercial building) then Capital Gains Tax may arise on the sale and if you have an accountant you should talk to them at an early stage. How much tax is payable will depend on the what you paid for the property/value you inherited the property and what price you sell it at. Capital Gains Tax is payable on the difference between the two with a number of allowance which your accountant will be able to advise you on more fully. Other property taxes that will need to be paid up to date are the Local Property Tax, NPPR and Commercial Rates.