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.
Key Findings. 1  The U.S. has the fourth highest estate or inheritance tax rate in the OECD at 40 percent; the worldâs highest rate, 55 percent, is in Japan, followed by South Korea (50 percent) and France (45 percent). 2  Fifteen OECD countries levy no taxes on property passed to lineal heirs.