compulsory acquisition CGT rollover - new purchase has 2 owners

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(Newbie)Newbie

10 Jan 2025

My question below

An investment property is going be compulsory acquisitioned by the state government, and we want to apply CGT roll over relief. However the investment property is 100% owned by 1 person, that person is now married and they want to buy another investment property together with their wife using funds from the acquisition. Can the owner of acquisitioned property still utilise the CGT roll over relief on the new investment property which will be 50/50 split between husband and wife?

I am assuming the deferred capital gain will be 100% to the original owner of acquisitioned property and they would be 100% liable for the tax from the deferred CGT roll over relief in the future.

Thank you.

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