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Good Hope Ltd owns a residential property in Hong Kong which is let to its subsidiary company at a monthly rental of $35,000, which is
Good Hope Ltd owns a residential property in Hong Kong which is let to its subsidiary company at a monthly rental of $35,000, which is $8,000 below the market rent. Good Hope Ltd leases its office premises from Landlord Ltd at a monthly rental of $48,000, and sublets half of the office space to its associated company at a monthly rental of $25,000. What is the property tax payable by Good Hope Ltd for the year of assessment 2018/19? A $61,920 B $50,400 C $86,400 D $97,920need process
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