Where the guidelines say to exclude garages, should I also exclude shops, caravans etc and purely report on Houses?
Yes this PI is trying to measure dwelling income. So exclude all non-dwelling income from the numerator and denominator. Q: Dependent on where the housing rebate figure sits in the formula makes a huge impact on the result eg when HB is included in rent collected the result for HLS/006 is 92%, if the figure is included in collectable, the result drops to 85%. A: Rent collectable is that which should be collected during the year (whether this comes from the tenant or the local authority through Housing Benefit). Equally, housing benefit will be calculated in rent collected. Q: Where do under and over payments of housing benefit fit into HLS/006/007? Shouldn’t they be included under rent collectable, otherwise the rent collectable figure is not a true reflection of what is expected to be collected? A: Rent collectable is that which should be collected during the year (whether this comes from the tenant or the local authority through Housing Benefit). The rent collectable will not change
Related Questions
- I work for a Farm Credit System institution and am preparing a report to submit to FCA. Do you have guidelines for document preparation and submission?
- Where the guidelines say to exclude garages, should I also exclude shops, caravans etc and purely report on Houses?
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