Advanced Property Fund Administration

Course Summary

This course is designed to provide attendees with a detailed look at the
topical issues involved with the administration and accounting for property

Property fund administration is a specialist area, and this course is designed to provide an overview of some of the more common areas fund professionals might encounter in this sector and how they are dealt with in practice.


Refresher on the background of Property Funds

  • Different Types of Property Funds
  • Roles and Responsibilities
  • Key Documents and Agreements in Property Funds

Taxation in Real Estate

  • Mind and Management
  • Relevant Real Estate Taxes, GST, Rental Income, Purchasing Tax, Withholding Tax
  • Tax Structures
  • Transfer Pricing
  • Real Estate Disposal Structures
  • Interest Cover Ratio
  • OECD Principles

Overview of the Property Fund Lifecycle

  • Establishment of Structure
  • Initial Call/Close from Investors
  • Initial Real Estate Purchase carried out 2nd Close/Call
  • Following Further Purchase
  • Valuation undertaken after First Quarter
  • Obtaining External Funding
  • First Financial Year End
  • Fund Maturity
  • Fund Wind Down
  • Final Distributions

Understanding the Role of Debt in Property Funds

  • Debt Yield and Syndication
  • Debt Waterfalls
  • Debt Management
  • Debt Security
  • Debt Levels / LTV
  • Internal V External Debt

Property Fund Accounting Considerations

  • Initial Property Purchase
  • Capital versus Revenue Transactions
  • Grossing Up
  • Methodology in regard to the Revaluation of Property
  • Accounting Standard Consideration under IFRS
  • Leases – IFRS 16
  • IFRS 15 – Revenues
  • IFRS 7 & 9

Property Fund Valuation

  • Pitfalls and Practical Case Study Session
  • Red Book Valuations

Course Benefits

Gain an enhanced understanding of property fund accounting and administration.

Tutor Profile

Will Morgan is an award-winning tutor, a qualified accountant and consultant working with clients in Guernsey, Jersey, Dublin and the UK. Will founded Offshore in 2007 along with partner John Richardson to provide accounting, training and consulting solutions to numerous regulated and commercial clients in a wide variety of industries.

Will is an experienced trainer with exceptional practical knowledge of accounting standards. Will’s training has been adapted over the years based on the work he has undertaken in the Channel Islands, understanding the practical skills that professionals need, rather than theoretical concepts. His classes are highly interactive; sometimes amusing and always engaging.

Course at a Glance

  • Next Start Date: 16 June 2020
  • CPD Points: 7
  • Course Cost: £295.00
  • Course Length: Full day (09.00-17.00)
  • Location: GTA University Centre, Guernsey
  • Tutor: Will Morgan


Basic fund and property fund experience.

There are no dates currently available for this course, If you would like to register your interest please complete the form below:

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