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Selwyn Hatfield Borough Council General Fund Fees and Charges ResourcesAppendix E×VAT charged at prevailing rate of 20%. This would be amended in line with changes to regulations 202122 202223 Description
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01
Gather all necessary documents including financial statements, rent roll, and expenses.
02
Calculate total revenue by adding up all rental income received.
03
Subtract any vacancies and allowances to get net rental income.
04
List out all expenses including maintenance, repairs, insurance, and property taxes.
05
Deduct expenses from net rental income to get the operating profit.
06
Allocate any capital improvement costs and reserves.
07
Calculate the surplus or deficit by comparing the operating profit with the allocated costs.
08
Fill out the housing revenue account fees form accurately and submit it to the appropriate department.

Who needs housing revenue account fees?

01
Property management companies
02
Landlords
03
Housing associations
04
Government agencies responsible for affordable housing initiatives
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Housing revenue account fees are charges levied to cover the costs associated with managing and maintaining public housing properties.
Local authorities and housing associations are typically required to file housing revenue account fees.
Housing revenue account fees can typically be filled out online through a designated portal provided by the governing body.
The purpose of housing revenue account fees is to ensure that the costs associated with public housing maintenance and management are covered.
Information such as income from rent, maintenance costs, and administrative expenses must be reported on housing revenue account fees.
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