if you do not want lag then i'd suggest one of two things:
-not geting a 120/240hz tv (100/200hz in your local i believe) since they only accept a 60hz input (50hz in your local most likely) and fake in the rest of the frames which results in a slight lag.
-if you do get a 120/240hz (100/200) tv make sure it has a working game mode which eliminates the extra frame processing and runs the tv at 60hz (50).
why? quite simple: the tv only accepts a 60hz (50) signal. some tn monitors however can accept a native 120hz (100) signal so are capable of actually displaying more frames direct from the pc without lag-inducing post processing.
if you are very sensitive to response time or motion blur i would highly suggest testing out the televisions before you purchase them. another person i'm helping right now i believe has such a sensitivity (eg he can see "motion blur" on televisions). i personally use a television and while slight i dont have any real problems with it. i'm not sure if the 120/240hz (100/200) are better. i would think they are since they are capable of displaying more frames (after post processing) which should mean they have a faster response time. you would just need to watch out to make sure the 60hz (50) mode works.
you may also want to realize that the sharpness of a 40-50" television is going to be not even close to what a monitor is. for example..
copied from manofchalk and my sticky at the top of peripherals:
common monitor sizes at 1080P
1920x1080 @ 20" = 110 ppi
1920x1080 @ 22" = 100 ppi
1920x1080 @ 24" = 92 ppi
1920x1080 @ 26" = 85 ppi
common television sizes at 1080p
1920x1080 @ 40" = 55 ppi
1920x1080 @ 42" = 52 ppi
1920x1080 @ 46" = 47 ppi
1920x1080 @ 50" = 44 ppi
1920x1080 @ 60" = 37 ppi
for reference here are some other product ppi numbers
1136x640 @ 4" = 326 ppi, iphone 5 retina display
10000x10000 @ 20" = 707 ppi, prototype lcd display advertised in cpu mag
2560x1600 @ 30" = 100 ppi, dell 30" ultrasharp monitor
1920x1080 @ 5" = 440 ppi, typical 5" 1080p android phone
1280x720 @ 4" = 367 ppi, typical 4" 720p android phone
640x480 @ 32" = 25 ppi, typical 32" 480i crt tube television
i personally use a 40" television and while true that it is not as sharp it works out better since i use it with a pc, ps2 & ps3 which are used more for playing media than work functions. you might need to bump up windows fonts to the next level (5-10%) and view webpages at a slightly higher zoom (100 or 105%) but other than that it works out great.
brands i would recommend are sony, samsung and lg in that order (as for overseas brands i cannot really say).
most televisions can be wall mounted. i would suggest getting something heavy duty though instead of something cheap.