Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “capital transfer tax”

capital transfer tax

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.
(Definition of capital transfer tax noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of capital transfer tax

Word of the Day

generous

willing to give money, help, kindness, etc., especially more than is usual or expected

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More