(1) If your house is for your own residence after acquisition, no matter there is a profit or a loss on disposal, it will not be taxed nor will be deductiable for tax purposes. It is of capital investment nature and not of trading.
(2) But, if you frequently acquire properties and sell it within a short time interval, this will be of trading nature. Any profit or loss could be taxed or set-off for profits tax purposes, please note this is taxed under Profits Tax.
If your case is (2), then you have to write to Inland Revenue Department for sending you a profits tax return for completion and submission.