How do the bright-line rollover relief provisions apply to transfers of residential land between associated persons?

This question we’ve been asked (QWBA) explains how the bright-line test and rollover relief provisions apply to transfers of residential land between associated persons on or after 1 July 2024.  It considers the effect of rollover relief and sets out the criteria that need to be met for rollover relief to apply.  This QWBA may be relevant in a wide range of situations as the rollover relief provisions can apply even if the bright-line test does not apply to the transferor.