Question：Which of the following will be partially subject to tax as property income?

　　A. The grant of a 60 year lease from a freehold.

　　B. The assignment of a 70 year lease.

　　C. The assignment of a 10 year lease.

　　D. The grant of a 10 year lease from a freehold.

　　The correct answer is: The grant of a 10 year lease from a freehold.

　　解析：The premium, less 2% of the premium for each complete year of the lease except the first is assessed as property income on the grant of a short lease (a lease of 50 years or less).

　　There are no property income implications on the assignment of a lease, nor on the grant of a lease of more than 50 years.