Patrick acquired a property in North Point district, Hong Kong at $10,000,000 on 1 May 2017. Loan was obtained from Bank of China (Hong Kong) Limited to finance the acquisition of the property, which was used as his residence since that date. On 1 November 2018, Patrick was seconded by his employer to Beijing. He estimated that he would stay in Beijing for a very long time. Therefore, he let his good friend, George, to live in the property from 1 November 2018 onward. George promised to look after the property for him, to repay on Patrick's behalf the loan instalment of $30,000 to Bank of China (Hong Kong) Limited. Patrick settle rates of $1,500 per quarter* (payable to the HKSAR Government) and building management fee $2,000 per month (payable to the building management company). On 25 June 2019, the toilet was flooded. George spent $20,000 to repair the toilet. Bank interest expenses for the recent 4 years of assessment were Year of Assessment 2017/18 2018/19 2019/20 2020/21 Loan Interest expenses $300,000 $250,000 $220,000 $190,000 * Assuming no rates concession was offered in concerned years of assessment. (a) Comment Patrick's tax position in respect of his property in Hong Kong since owning the property. (b) Calculate Patrick Property Tax liabilities for years of assessment from 2018/2019 to 2020/2021. Ignore provisional Property Tax, show all your workings. Explain the adjustments in your presentation.