CGT if I move out

I’ve lived in my main residence for 28 years. My husband purchased it before we met and added me to the deeds when we married. He passed away in 2015. I inherited my dad’s house in 2022 and my adult daughter has lived in it for the last year. I’m now planning on moving there with her and selling my house, leaving my 2 adult sons living in the main residence while it is on the market. My question is if it doesn’t sell in 9 months would I then be liable for CGT? Many thanks for reading Kathy

Hi,
You may find that private resdience relief will not cover your gain and so some tax may be payable. As you have two properties, you need to write to HMRC to confirm which is your main residence for capial gains purposes. You have 2 years from the date you acquire a second or additional property. After this, HMRC will determine your main residence based on the fact of the case. You should addres your letter to:
H.M. Revenue and Customs Self Assessment and PAYE
BX9 1AS.
Please have a look at helpsheet HS283 at:
HS283 Private Residence Relief (2024)
Thank you