Capital Transfer Tax

When you say “capital transfer tax,” make sure you say it in your best British accent.

A capital transfer tax (nice job) is a tax on inheritance in the UK on super-mega-huge estates (which is usually property and money all wrapped up in one huge legal-ball).

The capital transfer tax was born in 1974, but jumped through some hoops in the 80s, and was ultimately renamed the “inheritance tax” in 1984. This applies whether the estate is being transferred while the sugardaddy is still alive or after death, in both circumstances.