Claims Regarding Keydata Investment Services Limited Keydata Investment Services Limited (Keydata) designed and distributed investment products both directly and via Independent Financial Advisers (IFAs). Customers’ money was invested in bonds issued by one of two Luxembourg-based companies, SLS Capital SA and Lifemark SA, which used the money raised to buy portfolios of US senior life … Read more
Unregulated Collective Investment Schemes (UCIS) Unregulated Collective Investment Schemes (UCIS), such as Glanmore Property Fund, Keydata Investment Services Limited, Stirling Mortimer Funds, ARM and EEA Life Settlements Fund, are notoriously high risk and speculative investments suitable only for either very high net worth or sophisticated investors who are prepared to take a high degree of risk with … Read more
Sipp Foreign Property Investments Harlequin And Other Companies FS Legal has been consulted by individuals who have been advised by Independent Financial Advisers (IFAS) to invest their SIPP pension funds in offshore property investments. Often they were also advised to exit their existing pension arrangements in preference for such investments. We act for the majority of clients … Read more
Qualia Care Limited Robin Forster Care Home Investment ‘Ponzi’ Scheme The High Court has ruled in favour of the FCA against Robin Forster, the director of a company which took £57 million from 380 investors in an illegal care home investment scheme. Between 2016 and 2020, Qualia Care Properties Ltd and Qualia Care Developments Ltd … Read more
Financial Loss on Capital World Markets (CWM) Limited In March 2015, following police intervention, the foreign exchange trading (Forex) operation of CWM collapsed. Scores of investors from all over the world had invested a total of £50,000,000 into the failed scheme. We are acting on behalf of high net worth individuals who were persuaded, by … Read more
Gift Aid Relief – Charity Shell Schemes We have a leading team of specialist lawyers with many years of experience advising investors on claims arising out of their involvement in a variety of failed tax mitigation and avoidance schemes including, in particular, Charity Shell schemes. We represent investors in some of the most high-profile schemes … Read more
Eclipse Film Partnerships HMRC’s decision on 8 March 2018 to charge ‘dry tax’ to Eclipse investors will come as devastating news to investors, many of whom will now be facing bankruptcy or years of litigation with HMRC. Our specialist tax negligence team has acted for investors in the Eclipse schemes, and other very similar schemes, … Read more
Film Scheme Tax Partnerships FS Legal’s leading team of specialist lawyers represents investors involved in some of the most high-profile film partnership schemes including Eclipse Film Partners, Scion, Icebreaker, Ingenious and other similar tax schemes. Our firm and lawyers have both been ranked by Legal 500 and Chambers & Partners in this field. Film Scheme … Read more
Employee Beneficiary Trusts (EBTS) and Employer Funded Retirement Benefit Schemes (EFRBS) With the 2019 Loan Charge Legislation coming into force on 5 April 2019, individuals who participated in these schemes will be facing significant tax charges on any loan sums outstanding as at that date. The legislation has the power to go back 20 years to … Read more
Root2 Tax Limited (in Liquidation) – Alchemy Spread Betting Tax Avoidance Scheme HMRC Wins in Root2 Tax Limited Alchemy Scheme The success of HMRC against Root2 Tax Limited (in Liquidation) in the First Tier Tax Tribunal earlier this year means that taxpayers who were advised to utilise the scheme will now likely face substantial PAYE and … Read more