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 in the U.S. is paid by the inheritor of an estate. The inheritance tax is charged for property ownership. The inherited property value is calculated and the relation of the deceased person with the inheritor is evaluated before a decision is reached as to whether the tax will be imposed or not.