| 单词 | rollover provision |
| 释义 | > as lemmasrollover provision rollover provision n. Finance (chiefly North American) a provision allowing for the deferral of capital gains tax on the sale of a capital asset if the capital gain is reinvested within a set period of time. ΚΠ 1961 Michigan Law Rev. 59 938 The difficulties involved in solution of the lock-in problem, among other things, have led a number of authors to propose a ‘rollover’ provision for capital assets, whereby gain would not be recognized and basis would be carried over if the funds received from sale of a capital asset were reinvested within a certain time. 1974 Daily Tel. 27 Apr. 21/2 The Bill also makes it clear that it will not be possible to ‘roll over’ the development gain tax element on a capital gain... Some developers had been hoping that the ‘roll over’ provisions would have been extended to the new tax. 2007 Gazette (Montreal) (Nexis) 15 Oct. b4 The rollover provisions are not available to land held as inventory... The gain on the sale would be taxable as regular income. < as lemmas |
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