Hi there does anyone know if deposit money can be held in an accountants trust accountants trust account instead of a solicicotrs trust account please.
If it is a deposit on a purchase, it depends on the terms of the contract. Usually it will go to a solicitor or the RE agent.
Why do you want an accountant to hold it?
markk
Happy Hunting
http://www.kentscollections.comwell we are doing a sale thru Self Sell and using a conveyancing coy so we have the issue of where to put teh dep money. I have read the relevant land act and think it is a a reasonable thought to put it in to an acctants trust acct. Either way the funds can’t be moved without the authority of the purchaser which I could get at the time of the deposit being made so – solicitor -v- accountant?[blink]
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