Property Tax Question David is the sole owner of a residential property in Shatin which was transferred to him by his parents in 2020. David let out the property on the following terms: (i) Lease term: Two years from 1 July 2020. (ii) Rent: $8,000 per month. (iii) Rental deposit: $16,000 payable at the start of the lease. (iv) Lease premium: $24,000 payable at the start of the lease. (v) Rates and government rent: $1,500 and $900 payable per quarter by the owner (ignore any rates concession). (vi) Building management fee: $850 payable by the tenant to the building management office. (vii) The mortgage interest of the property paid for the year ended 31 March 2022 was $7,500.- REQUIRED: Calculate the Hong Kong property tax payable by David for the year of assessment 2021/22. Ignore provisional tax