capital transfer tax
1capital transfer tax — UK US noun [S or U] (ABBREVIATION CTT) ► TAX, PROPERTY in the UK, a tax paid on any property, money, and other assets that are given to someone. This tax was replaced by inheritance tax in 1986: »This gift was subject to capital transfer tax …
2capital transfer tax — noun A tax payable on gifts of money or property over a certain value, made either during the lifetime of the giver or after his or her death, replaced in 1986 by inheritance tax • • • Main Entry: ↑capital …
3capital transfer tax — See inheritance tax. Collins dictionary of law. W. J. Stewart. 2001 …
4Capital Transfer Tax — An inheritance tax levied in the United Kingdom on estates exceeding a certain value. The Capital Transfer Tax replaced the general estate duty in 1975, and was itself replaced by the Inheritance Tax (IHT) in 1986. The amount of tax was derived… …
5capital transfer tax — CTT A tax introduced into the UK in 1974 to replace estate duty and to deal with some of the anomalies arising from it. The legislation introduced tax on lifetime transfers of money and assets as well as on the estate on death. In March 1986… …
6capital transfer tax — CTT A tax introduced into the UK in 1974 to replace estate duty. In 1986 sweeping changes to capital transfer tax were made and the name was changed to inheritance tax …
7capital transfer tax — (Finance) former British tax on inheritance (in 1986 was replace by inheritance tax) …
8capital transfer tax — noun (C, U) BrE a tax paid when you receive money, either as a gift or when someone dies see also: inheritance tax …
9capital transfer tax — noun → gift tax …
10capital transfer tax — /ˌkæpɪt(ə)l trænsfa: ˌtæks/ noun formerly, a tax on gifts or bequests of money or property …
