Hi Tony tax
Thank you for your reply. Unfortunately I made a mistake about the sale price of my house. I sold it for £782,570.
Does that change anything in your advice?
Yes, it was.
Thanks.If you own a property which is your main home for the entire period of ownership and up to three years after you move out (18 months from 6 April 2014), then there will be no Capital Gains Tax to pay on any gain you may make. Take a look at the HMRC helpsheet HS283 here for more information on the main residence and CGT.