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.
The tax rate is 40% of the estate that is above the threshold. The table below is a simple example of how the tax is calculated for two different estates. The rate may reduce to 36% if at least 10% of the estate is left to charity. Youâll need to work out the value of the estate to know how much Inheritance Tax to pay. Find out how to value an estate in Sorting out the estate when there is a will. Visit the GOV.UK website for more information on working out what part of an estate is liable for Inheritance Tax.