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Mr . Lam owns a property in Ma Tau Chung. He let the property to Mr . Gomez on a five year lease term starting

Mr. Lam owns a property in Ma Tau Chung. He let the property to Mr. Gomez on a five year lease term starting 1 April 2022.
The terms were as follows:
Monthly rental: $10,000 payable at the first day of each month.
Lump sum premium: $12,000 payable on 1 April 2022.
Mr. Lam paid the following expenses in relation to the property during 2022/23:
Mortgage interest for the year of $30,000
Quarterly rates of $2,000
Calculate Mr. Lam's property tax due for the 2022/23 year of assessment.

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