Firm of Solicitors Fined for Using Tax Schemes Where There Was a Conflict of Interest

Following an inspection the Solicitors Regulatory Authority (SRA) it has fined a London firm of solicitors for a conflict of interest involving using tax avoidance schemes. In an agreed decision the SRA found that the firm of solicitors carried out over 200 conveyancing transactions in which its buyer clients used Stamp Duty Land Tax (SDLT) mitigation or avoidance schemes. In most cases the firm also acted for the lenders but generally did not tell them about the use of tax schemes. The firm accepted it had failed to disclose material information and acted where there was a conflict of interest. The firm was fined and ordered to pay costs.

Eamon McNicholas
Tax Barrister, Accountant
http://www.EamonMcNicholas.com

Advertisements

About Eamon McNicholas

Tax Barrister, Accountant www.EamonMcNicholas.com
This entry was posted in Uncategorized and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s