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A summary of best practice for service charge accounting.

regulations that would have given greater protection to leaseholders’ service charge money.

To fill this void TPI, 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.