This practical workshop provides a property management overview of mixed-use service charge budgeting and year-end accounting, including how to allocate shared costs, present budgets and accounts clearly, manage reconciliations, and apply relevant RICS, best-practice and residential statutory considerations. VAT treatment is covered as an overview only, helping participants understand where VAT assumptions may affect service charge presentation and when specialist tax advice should be sought.
Presenters
Louise Bell
Mixed-use developments create additional complexity for property managers because commercial and residential occupiers often require different service charge structures, schedules, apportionment approaches and reporting considerations.
What You'll Learn
What You Will Learn:
- The key differences between commercial, residential and mixed-use service charge accounting, including service charge structures, schedules and apportionment of shared costs.
- How to prepare and present mixed-use budgets and year-end accounts, including clear commentary, apportionment matrices, reconciliations, accruals, prepayments, balancing charges and credits.
- An overview of VAT treatment in service charges, including the effect of an option to tax, VAT on shared costs, recoverable and irrecoverable VAT, and utilities where domestic and commercial supplies may be treated differently.
- Relevant RICS requirements, best-practice principles and residential statutory considerations, including transparency, fair allocation by benefit and use, reporting timescales, certification and independent review.
- Practical examples showing how to allocate shared invoices, present VAT assumptions, reconcile year-end accounts and identify where incorrect allocation or VAT treatment may create a landlord shortfall.
Who Should Attend?
This course is ideal for:
- Property, block, commercial and residential managers involved in mixed-use developments.
- Service charge accountants, finance teams, facilities managers and estate managers involved in budgeting, reconciliation or service charge administration.
Delivery Format
Online: Two half-day session (3 hours a morning over two days)
Level / Qualification Mapping
General Level:
Intermediate / Refresher
TPI Qualification Mapping:
The learning outcomes in this course would be helpful for those taking their Level 3 Qualification.
Fees
| Membership level | Price |
|---|---|
| Members | £60.00 |
| Non Members | £100.00 |