Tax Depreciation And Asset Management
Herron Todd White provides Tax Depreciation And Asset Management expertise across Australia.
Tax Depreciation And Asset Management
Herron Todd White provides independent Tax Depreciation And Asset Management backed by local expertise and national consistency.
Frequently Asked Questions
- What is a sinking fund forecast?
It is a financial plan that calculates how much money a strata body or building owner needs to save each year to cover the future replacement of major capital items, like roofing or lifts, avoiding sudden large special levies.
- How often should a lifecycle cost plan be updated?
We recommend reviewing lifecycle plans and sinking funds every three to five years, or immediately following significant building works, to ensure cost estimates remain aligned with current construction inflation.
- Is commercial depreciation different from residential?
Yes, commercial properties often contain highly specialised, high-value plant and equipment (like heavy duty HVAC, complex fire services, or manufacturing fit-outs) that depreciate at different rates than standard residential items.
- Can you provide a forecast for a brand new building?
Yes, we frequently prepare initial sinking fund forecasts from architectural plans before the building is completed, allowing developers to set accurate initial levies for prospective purchasers.