BIM65810 - Solicitors: Interest received on behalf of non-resident clients
S835C, S835E Income Tax Act 2007
A solicitor may receive interest on behalf of a person who is non-resident in the UK, either from a separate designated client account set up by the solicitor (see BIM65805) or an account set up by the client, »Ê¹ÚÌåÓýapp solicitor should not be taxed on this savings income as their own except in the unlikely event that they act as the client’s ‘UK representativeâ€� within the meaning of the above legislation. This would only be the case if the solicitor acts as the agent through whom the client carries on a trade in the UK. See INTM264020.