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.
Origin
1960s; earliest use found in Michigan Law Review.
Definition of rollover provision in US English:
rollover provision
noun
North American Finance
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.