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Thank you Right now the property im interested in has a strata of $1900. Of that $500 is a special levy to fix something within the complex. This will be going on for a few months apparently and go back to the normal strata of $1400. Would that be classified as a sink fund?

As a tax deduction. Say the unit earns $20,000 profit in rent a year. If the strata is $2000 a year (discounting all other deductions for the time being), does that mean my net profit would be $18000 and that is what i would be taxed on.

This will sound dumb but can you claim back the strata levy on a investment property? If so is it say $XXXX paid = $XXXX less from your total income over the year?