not taking part or giving assistance in a dispute or war between others: a neutral nation during World War II. 2. not aligned with or supporting any side or position in a controversy: The arbitrator was absolutely neutral. 3. of or belonging to a neutral state or party: neutral territory.
Inheritance Tax rates. The rate of Inheritance Tax is 40% on anything above the threshold. The rate may be reduced to 36% if 10% or more of the estate is left to charity.
Inheritance tax is also called an estate tax, and the federal revenue system uses the term estate tax to levy its fees. The federal government assesses a tax on the gross value of the property or cash, minus funeral expenses, charitable contributions and legal claims against the state.