INTERVIEW QUESTIONS TAX DETAILS

Question: What is Rollover Relief in Taxation?

Answer: Rollover Relief in Taxation is the relief by means of which liability to capital gains tax is deferred. The essential feature of roll-over relief is that a gain which would otherwise have arisen on the occurrence of a taxable event for capital gains tax purposes is deferred, or rolled over, until there is a subsequent disposal of the asset concerned.

Rollover Relief in Taxation is the relief by means of which liability to capital gains tax is deferred. The essential feature of roll-over relief is that a gain which would otherwise have arisen on the occurrence of a taxable event for capital gains tax purposes is deferred, or rolled over, until there is a subsequent disposal of the asset concerned. Source: CoolInterview.com

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