As our children are heading back to school and university, and home-working with a full house becomes a distant memory, now is as good a time as any to take the opportunity to review our financial and personal affairs. September is often a time for families to get organised for the future; with children progressing…

HM Revenue & Customs has reported that total inheritance tax receipts were £5.35 bn for the 2020/2021 financial year. This is a 3.68% rise from the previous year. In the tax year 2018 to 2019, London and the South East accounted for 53% of the total inheritance tax charged across England.  The average tax paying…

Among the Private Client team, clients often ask us whether putting their home into the names of their adult children would be a good idea. This is usually due to concerns about the costs of care as they become elderly, or perhaps fears that their home would have to be sold to pay Inheritance Tax…

There is a little-known exemption from Inheritance Tax (IHT) for emergency services personnel, known as the blue light exemption. The legislation initially applied when a member or former member of the armed forces died as a result of injuries or disease sustained while on active service. Their whole estate would be exempt from the payment…

Most people will be aware that if Inheritance Tax is payable in an estate, then the Executors have to arrange payment. However, not everybody appreciates that an Executor is personally liable to pay the Inheritance Tax in an estate. HMRC require the Executors, or Administrators, of an estate to report accurately, all the assets and…

Nowadays many people have second marriages where their new partner already has children, some of whom are adults. If you have a step-child and you have not formally adopted the child, then they will not automatically inherit your estate when you pass away. This is particularly important where the step-child is of adult age and…

Barrett and Co can offer you advice on how to reduce your inheritance tax bill…please get in touch As the end of the tax year draws to a close we take this opportunity to remind you of annual gift exemptions that you may want to quickly take advantage of, or plan for the new financial…

As Reading-based solicitors we often get involved in contested or contentious probate issues. There’s a lot of wealth in the Thames Valley and not everyone dies leaving a will that’s properly thought out. Some people will find it surprising that you can make a claim when you have not inherited what you expected from someone…

"barrettandco" and "Barrett & Co" are trading names of Barrett & Co Solicitors LLP, a Limited Liability Partnership incorporated in England and Wales under registration number OC356263, with registered office at Salisbury House, 54 Queens Road, Reading, Berkshire RG1 4AZ. Barrett & Co Solicitors LLP is authorised and regulated by the Solicitors Regulation Authority www.sra.org.uk (SRA Number 549694).

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Lockdown 2021

Business as usual in unusual times. We are continuing with all legal work during Lockdown 2021. We are still working hard on behalf of clients old and new. We are still conducting most meetings by telephone and/or via conferencing facilities. In particular we are pleased to continue to offer our fixed fee meetings of £95 inclusive of VAT for one hour, to enable clients to explore any new legal matter with which they are concerned.

We have reduced numbers of staff in our office as many employees are working from home where possible via email/video/telephone calls. (All data is secure.) Please do not come into our offices without an appointment. Thank you for your ongoing and loyal support and on behalf of everyone at Barrett and Co Solicitors we hope you remain safe and well. Please do email or call us for our virtual appointments on 0118 958 9711 or email [email protected] (or the direct email address of your Barrett & Co contact).