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词汇 capital transfer tax
释义

Definition of capital transfer tax in English:

capital transfer tax

(also CTT)
noun
mass noun
  • (in the UK) a tax levied on the transfer of capital by gift or bequest (replaced in 1986 by inheritance tax)

    〈英〉(对馈赠或遗赠资本所征的)资本转让税(1986年被遗产税取代)

    gifts to charities were exempted from capital transfer tax
    Example sentencesExamples
    • That involved a scheme to avoid capital transfer tax.
    • On 5 April 1983 Mr Taylor wrote to Mr Hitch outlining possible solutions to the problems regarding development land tax, capital gains tax, capital transfer tax and income tax.
    • The freehold was not treated as part of Mr Dean's estate for the purposes of capital transfer tax.
    • That is so, your Honour, but with respect what your Honour postulates is a different kind of taxing regime which is a tax on the value of what you receive - some kind of capital transfer tax - that is not what this is.
    • The official announcement of the proposed replacement of estate duty by capital transfer tax, with partially retrospective effect, had a chilling effect on tax planning at that time.
    • In 1986 IHT as we know it replaced capital transfer tax, which had been set up by Labour Chancellor Dennis Healey in 1975.
    • His first urgent measure, he has promised, will be to wipe away Italy's death duties and capital transfer tax.
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