Reeve Fisher & sands (Partnership)

11 December, 2013

The CLC intervened into the practice of Reeve Fisher & Sands on 11 December 2013. We are working with the practices listed below to seek to minimise the disruption to former clients of Reeves Fisher & Sands.

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 we place on firms and third 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.

Clients of the practice can find out more about how they are affected by emailing monitoring@clc-uk.org

These items are now in the process of being scheduled, a job that is likely to take many weeks because of the volume of files removed.

Before we are able to release any documents we will require proof of ID from all purchasers to ensure that we are sending the documents to the rightful owner. A certified copy of a current passport or driving licence together with a recent utility bill should be sufficient.

We make no charge for dealing with the retrieval of the documents but do have to make a charge of £6 to cover the cost of secure postage.

Stamp Duty Land Tax Payments
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.

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 complete the form below: