capital transfer tax

British

noun

(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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023