When tax advice strays from planning to avoidance and evasion (2)

Second of two articles

clock • 5 min read

With the tax affairs of so many VIPs once more in the headlines, Andrew Reid and James Hall consider what claims can be brought against the original advisers and what might be done to avoid that happening

So how does one begin to establish whether there is a claim against a previous adviser? As mentioned in our first article, many of our cases are referred to us from financial advisers, so the following is a guide to some of the questions you could ask a client to help establish if they may have a case for professional negligence against their former adviser: * Was advice or information given about the investment/tax mitigation scheme in question? If so, was it advice or information that a reasonably competent adviser should have given? * What were the adviser's terms of engagement? ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Seismic shift: Government pushes ahead with pension IHT reforms

Seismic shift: Government pushes ahead with pension IHT reforms

'Despite these changes, pensions remain incredibly tax-efficient tools'

Steve Berridge
clock 19 August 2025 • 3 min read
'Disappointing blow': Inheritance tax reform and how it will affect clients

'Disappointing blow': Inheritance tax reform and how it will affect clients

Provisions in the Finance Bill 2025/26 explained

Julia Peake
clock 18 August 2025 • 5 min read
Govt mulls introducing lifetime limit on IHT gifting – report

Govt mulls introducing lifetime limit on IHT gifting – report

Treasury also reviewing rules around taper rate

Jenna Brown
clock 13 August 2025 • 4 min read