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.
Those states that have an inheritance tax differ on the rate of the tax, and on whom the tax is imposed. For instance, in Kentucky, the amount of the tax depends on the value of the property and the relationship of the recipient to the deceased.n estate tax is levied, by the federal government and some states, on an estate whose gross value exceeds a certain amount. An inheritance tax is imposed on the beneficiary who receives property from an estate. There is no federal inheritance tax, and some states, such as New York, don't impose such a tax.