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Ben Jones
Ben Jones, UK Lawyer
Category: UK Law
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The new law on Capital Allowances came into effect last

Customer Question

The new law on Capital Allowances came into effect last April 2014. This says that unless the Capital allowances are identified correctly, both parties will lose them forever. These can be very valuable. solicitors,accountants,surveyors are being informed that they are now at risk from litigation claims because of not giving the correct advice at the completion of a sale.
Do commercial property auction houses have a "duty of care" to advise sellers and buyers of these potential losses?
We are chartered Accountants and are looking for some legal advice in this whole area.
Bill loryman,
Sales Director
The Bailey Group
01327 340408
Submitted: 1 year ago.
Category: UK Law
Expert:  bigduckontax replied 1 year ago.

I am answering this and will try to get it moved to the correct area.