Are there any unexpected major expenditure items for the current year?
No. Unexpected expenditure items are normally covered by the service charge. Our service charge estimates have almost always been set at a suitable level so as to not require additional requests through the year. Back to index Does the Management Company expect to levy an interim service charge during the year? No. This has been done once or twice in the past but is usually avoided if at all possible. Back to index What is the expected rise in service charge for the next year? We work hard to ensure that the underlying yearly change of the service charge is minimal, however this does require support and cooperation from residents. The major changes in the service charge usually resulting in whether or not major works had to be scheduled for a particular year. Back to index Is stamp duty payable? Woolwich currently falls within a “Disadvantaged Areas Relief” zone. Properties within this zone are exempt from paying stamp duty but only if their value falls under a certain threshold (this
