2. 3. In which of the following circumstances is the taxpayer subject to Hong Kong property tax? A) A corporation sublets an office together with office equipment to a sole proprietor. B) A corporation sublets a residential premises to another corporation. C) An individual sublets a room of a flat leased by him from the landlord. D) An individual lets an office premises to a corporation. During the year ended 31 March 2019, Dick earned rental income of HK$360,000 from the current tenant of his residential property. He also received the outstanding rent of HK$40,000 from a former tenant. Outstanding rent totalling HK$100,000 was deducted as irrecoverable rent in the year of assessment 2015/16. The net assessable value of Dick's property for the year of assessment 2018/19 is: A) $288,000 B) $320,000 C) $368,000 D) $400,000 Samson received a lump-sum premium of $96,000 from a lease of residential property to Claudia from 1 July 2017 to 30 June 2019. The amount of premium to be assessed under Hong Kong property tax for the year of assessment 2017/18 is: 4. A) $12,000. B) $24,000. C) $36,000. D) $96.000