Victoria Britt

So could you please advise what this actual means , I understand I have two years to nominate which house is my primary residence ? If house takes a year to sell what would be the implications ? From my understanding if I nominate house A my present residence within the two years there’s no CGT to pay but if I then nominate House B the new house , when I come to sell if CGT would be payable ? Can you please confirm

I live in my current home but want to buy a new house cash purchase and then put this house on market . I will have made about 200K on it , what would happen if I didn’t sell it in 9 months and move into new property - would I have to pay CGT on 200 K ? Is there anyway round this like staying in this property until sold before moving .