ÑÇÖÞÉ«ÇéÍø

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, generative tax AI, and tax research, register for a free trial of Tolley+â„¢
TAKE A FREE TRIAL NOW
Powered by
  • 05 Dec 2023 11:10

Home/ Tolley Tax Guidance/ Trusts and Inheritance Tax / Creating and managing your client's trust

Popular Articles

Corporation Tax

Enterprise investment scheme tax relief

Enterprise investment scheme tax reliefOverview of EIS tax reliefsThe enterprise investment scheme (EIS) offers significant tax reliefs to encourage individuals to invest money in qualifying shares issued by qualifying unquoted companies. The scheme is designed to encourage investment in small,

14 Jul 2020 11:36 | Produced by Tolley Read more Read more
Employment Tax

Long service awards

Long service awardsEmployee recognition by an employer can be an important motivational tool, as well as having a positive effect on retention. Most employer awards made to an employee are treated as taxable earnings under ITEPA 2003, s 62 or as a benefit under ITEPA 2003, s 201 because they are

14 Jul 2020 12:11 | Produced by Tolley Read more Read more
Owner-Managed Businesses

Interest on late paid tax

Interest on late paid taxIntroductionInterest on late paid tax is a compulsory charge set out in legislation to reflect the interest which would have accrued to the Exchequer had the correct amount of tax been paid at the right time.Harmonised legislation was introduced in 2009 to:•set statutory

14 Jul 2020 12:00 | Produced by Tolley in association with Philip Rutherford Read more Read more