IDEAS home Printed from https://ideas.repec.org/a/ifs/fistud/v2y1981i3p37-51.html
   My bibliography  Save this article

Capital transfer tax: an obituary

Author

Listed:
  • Alister Sutherland

Abstract

In the Budget of March 1981 the Chancellor made changes which will produce a dramatic reduction in the real burdens of most potential payers of Capital Transfer Tax (CTT). Even without sophisticated tax avoidance, over 99 per cent of wealth owners will now be able to pay zero CTT when they hand on their assets. The burden to be borne by most of the remaining one per cent has also been greatly reduced. The purpose of this note is not to explore either the reasons, or the choice of timing, for what is effectively the demise of CTT; nor to speculate about why generosity of what is in fact implied. Nor is this a repeat of the arguments for doubting the case put forward for treating agriculture in particular as a special case-see Sutherland (1980). Here is simply a history of CTT set out schematically in Table 1; and with calculations at successive dates of nominal and real tax rates in Tables 2-5. Comparisons with other OECD countries up to the late 1970s are to be found in OECD (1979).

Suggested Citation

  • Alister Sutherland, 1981. "Capital transfer tax: an obituary," Fiscal Studies, Institute for Fiscal Studies, vol. 2(3), pages 37-51, November.
    • Handle: RePEc:ifs:fistud:v:2:y:1981:i:3:p:37-51
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sugai, Yoshihiko & Texeira, A.R., 1982. "Income Disparities among Groups of Farmers: With Special Reference to Brazil," 1982 Conference, August 24-September 2, 1982, Jakarta, Indonesia 182459, International Association of Agricultural Economists.
    2. Peters, G.H. & Maunder, A.H., 1982. "Efficiency, Equity and Agricultural Change with Special Reference to Land Tenure in Western Europe," 1982 Conference, August 24-September 2, 1982, Jakarta, Indonesia 182465, International Association of Agricultural Economists.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ifs:fistud:v:2:y:1981:i:3:p:37-51. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emma Hyman (email available below). General contact details of provider: https://edirc.repec.org/data/ifsssuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.