½Û×ÓÊÓƵ

Reserved legal services

Produced by a Tolley Trusts and Inheritance Tax expert
Trusts and Inheritance Tax
Guidance

Reserved legal services

Produced by a Tolley Trusts and Inheritance Tax expert
Trusts and Inheritance Tax
Guidance
imgtext

Overview

The Legal Services Act 2007 (‘the Act’) governs who can conduct some legal activities (‘reserved legal activities’). In the sphere of inheritance tax, trusts and estates, advisers can easily stray into areas which are reserved legal activities. Advisers must be aware of what is and is not within the class of ‘reserved legal activities’ as it is a criminal offence to operate outside of the Act. This guidance note sets out the limits on what accountants and tax advisers who are not lawyers in practice can legally do. It is not targeted at lawyers. The Act applies only in England and Wales and different rules apply in Scotland and Northern Ireland.

Legal activities ― definition

There is a definition of ‘legal activity’ in the Legal Services Act 2007. This includes:

  1. •

    reserved legal activities (see below)

  2. •

    the provision of legal advice or assistance in connection with the application of the law or with any form of resolution of legal disputes, and

  3. •

    the provision of representation in connection with any matter concerning

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+â„¢
Powered by

Popular Articles

Exemption ― insurance ― overview

Exemption ― insurance ― overviewThis guidance note provides an overview of the VAT treatment of insurance products and should be read in conjunction with the Insurance ― specific transactions and Exemption ― insurance ― brokers and agents guidance notes.Is insurance exempt from VAT?Supplies of

Read more Read more

Entity classification

Entity classificationImplications of entity classificationIf a subsidiary is established, it is important to determine how it will be treated for UK tax purposes as this will determine the basis on which it is taxed. A subsidiary may either be transparent (like a partnership, where the individual

14 Jul 2020 11:37 | Produced by Tolley Read more Read more

Furnished holiday lets

Furnished holiday letsThis guidance note sets out the qualifying conditions for a property let to be treated as a furnished holiday let (FHL) for tax purposes and the subsequent tax implications.Whether or not a property qualifies as an FHL can make an important difference to the taxation

14 Jul 2020 11:46 | Produced by Tolley Read more Read more