rollover relief

rollover relief

reduces the CAPITAL GAIN on the disposal of a qualifying asset where the proceeds are reinvested in another qualifying asset. The taxation of the gain is deferred until the disposal of the replacement asset.
References in periodicals archive ?
This case has relevance to a range of reliefs applicable to the rural sector including business property and agricultural property relief claims for inheritance tax, rollover relief for capital gains tax, and entrepreneur's relief.
Rollover relief from long term Capital Gains tax to individuals on sale of a residential property (house or plot of land) in case of re-investment of sale consideration in the equity of a new start-up SME company in the manufacturing sector for the purchase of a new plant and machinery.
Rum Jungle holds over 80% of Central shares meaning that scrip for scrip rollover relief may be available for part of the capital gain1 made by Central Australian Phosphate shareholders accepting the offer.
Capital Gains Tax (CGT) reliefs - such as Business Asset Rollover Relief, Entrepreneurs' Relief, relief for gifts of business assets and relief for loans to traders - can also apply, and profits count as earnings for pension purposes.
There is no change either in Capital Gains Tax - to enable landlords to claim rollover relief when buying and selling property - which is something the Residential Landlords Association has been campaigning for to help further stimulate the market.
Holdover and rollover relief is also available if the business being sold or transferred would also qualify.
The initial proposal was for a deferral relief, which would operate the same way as rollover relief on the replacement of business assets.
With these goals is mind, National Treasury and SARS reiterate their commitment to the rollover relief provisions and the need to ensure that non-cash out mergers and acquisitions should ideally be free from an immediate tax charge.
The Share Offer has also surpassed the 80% acceptance level, which is one of the prerequisites for tax rollover relief for eligible accepting Aragon shareholders.
The property is eligible for capital gains tax rollover relief and entrepreneur's relief is available on disposal of business assets.
The change means an end to the availability of business asset rollover relief, entrepreneurs' relief, relief for gifts of business assets, and relief for loans to traders.
He said tax incentives in owning land for either inheritance tax relief or rollover relief was also fuelling the surge.