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HW Service Charge

Mixed-use developments

In recent years mixed use developments have become more common in the industry with many urban properties being repurposed into schemes consisting of both commercial and residential elements.

Service charge accounting for mixed-use properties

Our services are designed to simplify and overcome the inherent complications of mixed use properties in respect of both apportionment and VAT treatment. We can assist with:

 

Management obligations

We assist with the management obligation in terms of the calculating provision of services and repairing costs which vary depending on the extent of a lease and the nature of use.

Construction of service charge covenants

Assistance with schemes whereby the landlord seeks to recover from the tenant(s) the cost of works

Apportionment

The apportionment of service charges can be a complex matter in a building with a variety of modes of occupation (business, leisure, residential) or as between different buildings on a large estate. We provide guidance on the what may be the appropriate contributions for different users.

VAT for mixed-use properties

As experts in treatment of VAT for property management companies we provide VAT planning and VAT returns service relating to commercial and mixed-use properties. We can also advise you about VAT requirements when buying or selling commercial property.

Consultation

As Association of Residential Managing Agents (ARMA) Partners  we are kept up to date with changes in regulations and have the opportunity of keeping in close contact with our clients to make sure we always understand their needs and requirements.

 

Accountants for mixed-use properties

Mixed-use developments have both commercial and residential interests within one scheme. This poses challenges in bringing together two separate forms of best practice as well as satisfying differing VAT treatments. Our clients benefit from our long experience in service charge in accounting for mixed use properties. We help them to meet the legal requirements of both their landlord clients and residents in the most efficient and cost-effective way possible.

For advice, information or simply a quick chat about your service charge needs, please get in touch using our contact form

Who we work with

The Haines Watts Service Charge Team has worked with Managing Agents, Surveyors, Landlords and Residents

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What we do

Read more about our services and how we can help your business

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Meet your team

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About Us

Haines Watts is a top 15 firm of chartered accountants supporting over 35,000 business owners across the UK.

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Luton

Haines Watts Luton
42 High Street
Flitwick
Bedfordshire
MK45 1DU

Southampton

Haines Watts Southampton
130 Bournemouth Road
Eastleigh
Hampshire
SO53 3AL

Our addresses

Luton

Haines Watts Luton
42 High Street
Flitwick
Bedfordshire
MK45 1DU

Tel: 01525 717424

Southampton

Haines Watts Southampton
130 Bournemouth Road
Eastleigh
Hampshire
SO53 3AL

Tel: 02380 276323