As а sоlicitоr аt Hоllаnd & Co you have been instructed by John Udale, to act on the sale of Udale (Holdings) Limited. John Udale is the Managing Director and principal shareholder of the company. Holland & Co are used to acting on company sales and have a designated team of specialist corporate lawyers. Before you commence any work it becomes apparent that specialist tax advice is going to be required on the sale. When this has been pointed out to John Udale he said ‘’Hopefully you can deal with that somehow. Perhaps you can research the law? I do not want to have to go to an expensive national firm to do the job for me’’. Sadly no one at Holland & Co has anything other than a very basic knowledge of tax and certainly not the degree of knowledge that appears to be required on the sale. What is your professional responsibility in this situation? Please consider whether John has any other preferable or more practical options for him and potentially for Holland & Co?
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