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capital transfer tax

Line breaks: cap|ital trans|fer tax

Entry from British & World English dictionary

(abbreviation: CTT)

Definition of capital transfer tax in English:

noun

[mass noun]
(In the UK) a tax levied on the transfer of capital by gift or bequest (replaced in 1986 by inheritance tax): gifts to charities were exempted from capital transfer tax

Definition of capital transfer tax in:

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