Reeve Fisher & Sands (Partnership)

Reeve Fisher & Sands (Partnership)

The CLC intervened into the practice of Reeve Fisher & Sands on 12 December 2013. They are working with us to seek to minimise the disruption to former clients of Reeves Fisher & Sands. Files from the Brentwood office are going to PCS Legal in Basildon. Files from Billericay and Hornchurch offices are going to Hayward Moon Property Lawyers in Ipswich. The contact is Mark Hayward. 4 Chestnut Court, Wingfield Street, Ipswich, IP4 1AR, Tel: 01473 234730

Clients of CLC-regulated firms are protected in a number of ways. First through rigorous, specialist regulation of specialised lawyers, second through the professional indemnity requirements that are placed on firms and by the CLC’s Compensation Fund which is a discretionary fund of last resort. The CLC strives to ensure that any transactions that are underway when a firm closes can continue without delay. It appears that some payments of Stamp Duty Land Tax (SDLT) should have been made by Reeves Fisher & Sands on behalf of the client, but were not in fact made. The CLC is working with HMRC to find out where this has happened, and to try to ensure that demands for payment of SDLT do not continue to be made when that tax should already have been paid by Reeves Fisher & Sands. All Reeve Fisher and Sands former clients will be allocated a fee earner in our practice to ensure no further disruption to your transaction

Where Reeves Fisher & Sands held a client’s money for the payment of SDLT and did not make that payment, the client will not be required to pay the tax themselves. The payment will be made either from the funds of Reeves Fisher & Sands or, in the event that they are not sufficient, from the CLC’s Compensation Fund.

Clients who have already received demands from HMRC for the payment of SDLT should contact the CLC who will then take the matter up with HMRC.