$5.$ Miss Cheung, the accountant of Beautiful Clothing Ltd$,$ concluded a rental agreement to lease her

apartment to Mr$.$ Williams, an expatriate, on $1$ January $2017$ for a term of three years at a monthly

rent of HK$$20,000.$ Government rates $($HK$$1,500$ per quarter after concessions$)$ were paid by Miss

Cheung. From $1$ February $2018,$ Mr$.$ Williams did not pay any rent. He then moved out of the

property on $31$ May $2018$ and was untraceable. The property was then let to Mr$.$ Jenkins, another

expatriate, on $1$ July $2018$ for a term of $2\mathrm{.}5$ years under the following terms:

$$ Lump sum payment: HK$$50,000$;

$$ Monthly rent: HK$$25,000$;

$$ Rent deposit: HK$$50,000$;

$$ Management fee: HK$$2,000$ per month payable by landlord; and

$$ Government rates: HK$$1,500$ per quarter payable, after concessions, by landlord.

It was agreed by the IRD assessor that the rent owed by Mr$.$ Williams was irrecoverable after he

had moved out from the property in May $2018.$

Required:

Compute the property tax liabilities of Miss Cheung for the year of assessment, assuming that all

the government rates paid by landlord is deductible $(20$ points$)$

$2018/19.$ Ignore provisional property tax.