Rollover relief

Tax Glossary Definition

Rollover relief

Roll-over relief is a tax provision that postpones the payment of capital gains tax when the amount gained from selling an asset is reinvested in another eligible asset. Rather than paying tax immediately on the profit from the sale, the tax obligation is transferred to the new asset and becomes payable only when that asset is later sold or disposed of.

Example: Suppose a company sells an old machine and invests the proceeds in new production equipment. Under roll-over relief, the capital gain from the first sale is not taxed right away—the tax becomes due only when the new equipment is eventually sold.

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