Meaning of “capital transfer tax” in the English Dictionary

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"capital transfer tax" in Business English

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capital transfer taxnoun [ S or U ]

uk us 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:

(Definition of “capital transfer tax” from the Cambridge Business English Dictionary © Cambridge University Press)