ROLLOVER
\ɹˈə͡ʊlə͡ʊvə], \ɹˈəʊləʊvə], \ɹ_ˈəʊ_l_əʊ_v_ə]\
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A delayed tax that allows you to apply the profit you make selling your old house to pay for the new one without paying capital gains taxes on the profit. In order to rollover the profits, the new house must be more expensive than the old and the two sales must occur within two years of each other.
By Oddity Software
Word of the day
tinctura quininae ammoniata
- A preparation made by dissolving quinin sulphate in alcohol [Br. Ph.].