This is a question we are asked frequently at Barrett and Co. This is usually due to concerns about the costs of care as our clients become older, or perhaps fears that their home would have to be sold to pay Inheritance Tax on their death. Naturally, our clients want to preserve their home for…
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…
The old saying goes that there are only two guarantees in life: death and taxes. Therefore, with this in mind, it makes sense why so many of us want to ensure that after we die, our hard-earned assets are passed to the people who mean the most to us. Although Barrett & Co recommends that…
For those who have had to undertake the task of obtaining a Grant of Probate recently, you may have noticed that the ongoing COVID-19 pandemic seems to be affecting turnaround times on various key parts of the process, right from the start with the “Tell Us Once” government service, all the way through to the…