From Longman Dictionary of Contemporary Englishcapital levyˌcapital ˈlevy noun [countable] PET technical a tax on private or industrial wealth that is paid to the governmentFrom Longman Business Dictionarycapital levyˌcapital ˈlevyTAX1a tax paid by someone on the value of their property and assetsThere will be a 2% capital levy increase beginning April 1.2a special tax on wealth, for example when a country is at war or in a dangerous situationHe resisted the idea of a capital levy, and Britain paid a high proportion of the costs of the war out of general taxation. → levy
