The Association of Residential Managing Agents have, together with the Association of Chartered Certified Accountants, the Royal Institution of Chartered Surveyors, the Institute of Chartered Accountants of England and Wales (and their sister body in Scotland), have published non-statutory best practice guidance on how to account for service charges, their tax treatment, the rights of leaseholders to see certain documents, etc. It’s an impressive piece of work which has been over a year in the making and, best of all, is available to download for free, here.
Service charge accounting
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Posted in: Housing law - All | Leasehold and shared ownership
J is a barrister. He considers housing law to be the single greatest kind of law known to humankind and finds it very odd that so few people share this view.
The Service Charge Accounting ARMA document is not available by this link. Do you know how i can get a copy or do you have one you could email. Many thanks.
Well, you could have had a look through ARMA’s site. It is here https://arma.org.uk/leaseholders//leaseholders-advice/service-charge-accounting-best-practice