Little old lady needs help 😉 · Checkmate The Matrix

Little old lady needs help 😉

Newby here and will try to be brief. 10 yrs ago I partially bought my x's house, I paid him cash for approx 2/3rds and he gifted the other 3rd to our 3 daughters (so no mortgage). The 3 girls were added to the land registry with myself. 18 months ago, I removed my name from the deeds so only the 3 girls were on as joint owners (although I have always lived here, and it is understood that it is mine to live in as long as I wish). I have decided to sell, as want to relocate and downsize, and the girls are fine with me using all the money to find my new home. It has now been on the market for just over a week (so far no interest in it), but an issue has come up that non of us realised - capital gains tax ! 2 daughter have their own home (1 with a mortgage the other not), and 2 of them have recently gone into business together. We have discussed a trust, but I realise there isn't the time to set one up for my current house. I did intend to sell this house first, then put my stuff in storage and either find a short term let, or move in with one of my girls whilst I spend some time looking for my forever home. My question (s) are ... can the girls sign some sort of document to say they allow me to set up a separate bank account for all the money to go into - which will be used in full to purchase another property ? or should I be looking to sell this having found my new home, so the money goes directly on the purchase ? would this stop capital gains being deducted ? My daughters in business, are adamant no chunk of money should go into any of their bank accounts. My intention was to put the new home into a trust 🙏 any help greatly appreciated, thanks

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