Question $1-34$ marks

The following information is related to the properties owned by Mr Chan:

Property W $-$ Tai Kos Shing. Hong Kong

Mr Chan let Property W to Ms Novack on $1$ October $2020$ for a term of $4$ years. The

relevant terms of the lease agreement are as follows:

During the year ended $31$ March $2022,$ Mr Chan has paid repair expense of HK$$8\mathrm{.}000$

directly to the service provider for fixing the windows. Due to an emergency incident.

Ms Novack has first paid repair expense of HK $$9,000$ to replace the drainage system,

and has subsequently received reimbursement of $HK$$$3,000$ from Mr Chan.

On $18$ October $2021,$ Mr Chan has unexpectedly received rental income of

HK$$50,090$ from Mr Donut, who was an ex$-$tenant of Property W and disappeared

during the year of assessment $2017/18.$ The rental income of HK$$50,000$ was

previously agreed by the assessor as irrecoverable and has claimed deduction during

the year of assessment $\frac{2018}{19}.$

Property X$-$CyberPort, Hong Kong

It was occupied by Mr Chan as his residence, During the year ended $31$ March $2022,$

Mr Chan paid the following expenses:

$($i$)$ Rates: HK $$3,000$ per quarter;

$($ii$)$ Management fee: HK $$3,800$ per month; and

$($iii$)$ Mortgage loan interest: HK$$120,000.$

Page I of $8$

Property Y $-$ Austin Villa. Panyu district, the PRC

Property Y was let to Ms Zhao on $1$ July $2021$ with a period of $3$ years for RMB$8,500$

per month. Ms Zhao was responsible for paying the management fee of RMB$250$ per

month. Property $Y$ is jointly owned by Mr and Mrs Chan.

Property Z $-$ The Hermitage, Kowloon

Mr Chan let this property to Mr Bagel on $1$ January $2019$ for a term of $4$ years at a

monthly rent of HK$$20,000.$ Rates of HK$$1,800$ per quarter were paid by Mr Chan.

Starting from $1$ October $2020,$ Mr Bagel did not pay any rent, and he moved out from

the property on $31$ August $2021$ and was then untraceable.

The property was subsequently let to Ms Camel on the following terms:

$($i$)$ Lease period: $1$ January $2022$ to $30$ June $2024$;

$($ii$)$ Lump sum premium: HK$$45900$;

$($iii$)$ Monthly rent: HK$$15900$;

$($iv$)$ Management fee: HK$$700$ per month payable by the landlord; and

$($v$)$ Rates: HK$$1,800$ per quarter payable by the tenant.

It was agreed by the assessor that the fent owed by Mr Bagel was irrecoverable after

he had moved out from the property on $31$ August $2021.$

Required:

Compute the property tax liabilities of Mr Chan $($each property$)$ for the year of

assessment $2021/22.($Ignore provisional property tax$)$