Ms Fung paid the following expenses during the years of assessment 2015/16 and 2016/17: 2015/16 2016/17 $ $ Rates 12,000 14,400 Government rent 7,200 8,640 Outstanding management fees owed by Mr. Mok - 3,000 Renovation expenditure 10,000 50,000 Mortgage loan interest for purchase of the property 52,000 55,000 Ms Fung recovered certain irrecoverable rent from another former tenant, Mr. Ng, of $38,000 and $36,000 on 1 March 2016 and 15 April 2016 respectively. The total rent owed by Mr. Ng was $100,000 which had been fully deducted from the assessable values in previous years of assessment. Required a Determine the property tax payable by Ms Fung for the years of assessment 2015/16 and 2016/17. Ignore provisional property tax and any tax or rates waiver or reduction in your calculations. b According to the provisions in the Inland Revenue Ordinance, there are certain obligations imposed on property owners in Hong Kong. State the obligations affecting property owners with income chargeable to property tax in Hong Kong. c With respect to the management fees, discuss whether there would be any difference in tax treatment if Ms Fung had, subsequent to the signing of the tenancy agreement, informed Mr Mok to pay the management fee to her instead of making the payment directly to the management company.