Service charge accounting - best practice
A summary of best practice for service charge accounting
ARMA self-service library offers guidance to leaseholders. We would recommend that you view the documents available to see if they can assist.
If they do not, or you require further information then please contact the Leasehold Advisory Service at email@example.com. They are a government funded body who are able to assist you and they provide free information, initial advice and guidance to members of the public about residential leasehold. They are independent and impartial and all of their advisers are legally qualified.
In This Section
In 2010 the Government pulled back from introducing important regulations that would have given greater protection to leaseholders service charge money.
To fill this void ARMA, along with the Institute of Chartered Accountants for England and Wales (ICAEW), the Association of Chartered Certified Accountants (ACCA) and the Royal Institution of Chartered Surveyors (RICS), worked together to issue best practice guidance on service charge accounting.
This Advice Note summarises that best practice.
Download the full Advice Note above...