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capital transfer tax

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capital transfer tax
n
(Economics, Accounting & Finance / Banking & Finance) (in Britain) a tax payable from 1974 to 1986 at progressive rates on the cumulative total of gifts of money or property made during the donor's lifetime or after his death. It was replaced by inheritance tax
Translations
capital transfer tax n (Brit) → imposta sui trasferimenti di capitali


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5 Which tax replaced Capital Transfer Tax in the UK in 1986 and is levied on the estate of a dead person?
WHEN when was capital transfer tax replaced by inheritance tax?
In 1986, Thatcher replaced capital transfer tax with inheritance tax, which was intended to be more forgiving.
 
 
 
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