Cima E1 Exam Question No 10

Question No 10:

Rollover relief allows?

A.Deferral of the payment of corporate income tax on gains arising from the disposal of
a business asset
B. Stock values to be rolled over; replacing cost of purchases with current values
C. Trading losses to be carried forward or rolled over to future periods
D. Capital losses to be carried forward or rolled over to future periods

Answer: A