Comprehensive guide on Capital Transfer Tax (CTT), covering historical context, types, key events, formulas, importance, examples, related terms, and more.
Capital transfers refer to the transfer of assets between individuals, commonly through gifts or bequests, which recipients view as additions to their capital rather than income. Historically subject to the Capital Transfer Tax in the UK until replaced by Inheritance Tax in 1986.
An in-depth guide to Capital Transfer Tax, including historical context, types, key events, formulas, examples, and related terms.
Death Duties are taxes levied on a person's estate after their death, implemented to discourage inherited wealth and serve as a government revenue source. This article explores their historical context, types, key events, detailed explanations, and more.
Estate Duty was a tax formerly levied on the estate of a deceased person in the United Kingdom. It has since been replaced by other forms of taxation.
