As we move house, there is an overlap where we will temporarily own both houses; in order to avoid CGT I understand we need to inform HMRC which is our primary residence?
We've owned our current property for 25.5 years.
We are in the process of moving to Scotland and will complete/settle the purchase in mid-July.
Our current property is up for sale and we will continue to live in it until it sells.
However, we will be spending approximately 10 days a month in the new property.
My understanding is that we need to inform HMRC that we nominate our current home as our Primary Residence to avoid any CGT when it sells.
Is this correct please?
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