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Ginny let out a flat in North Point for four years from 1 January 2018 for a premium of $90,000 and a monthly rent of
Ginny let out a flat in North Point for four years from 1 January 2018 for a premium of $90,000 and a monthly rent of $30,000. Ginny is responsible for paying the rates of $3,000 per quarter and a monthly management fee of $2,000 to the management company. In March 2018, the tenant forgot to turn off the water tap. The floor was flooded, and the tenant paid the repair cost of $20,000 directly to the repairer. What is Ginnys property tax liability for the year of assessment 2017/18? A $13,515 B $13,020 C $11,340 D $13,740need process
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