Tracy

In 1994 married couple purchased Home1 with joint ownership, in 2022 married couple purchased an addition second Home2 with joint ownership and allocated Home1 as the main home residence. In 2024 the couple separated via judicial separation with a separation agreement which allocated Home1 to husband in his own name and Home2 to wife in her own name, transfers of assets occured on no gain/no loss within the 3 year period. If either party decides to sell their individual Home after the judicial separation and transfer of properties into their own names and given both properties have risen in value between the purchase and sale dates, how would capital gains tax / primary residence relief be applied to Home1 and Home2?