单词 | rollover relief |
释义 | > as lemmasrollover relief rollover relief n. Finance relief from the payment of capital gains tax on the sale of a capital asset.Not in North American use. ΚΠ 1972 Times 29 June 10/7 Mr Patrick Jenkin, Chief Secretary to the Treasury, said he thought it was right that this ‘roll over’ relief to non-profit making professional bodies should be written into the tax system. 1973 Scotsman 12 Jan. 6/2 Changes in capital gains tax should give either tapering relief on gifts or, if this is rejected, roll-over relief provisions on gifts. 1987 Advertiser (Adelaide) (Nexis) 16 Oct. A businessman upgrading his factory and moving to a new and bigger one would pay capital gains tax on the sale of the old one with no rollover relief. 2002 Which? Tax Saving Guide 49/3 If you are replacing some types of assets (including property) used in your trading business, ‘roll-over relief’ allows you to put off paying any capital gains tax. < as lemmas |
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