ACCA Strategic Professional · Advanced Taxation (UK) · Taxes applicable to a given situation or course of action and their impact
Brightwell Ltd buys a freehold warehouse in England for £400,000 (no VAT). Using the SDLT rates for non-residential property in the ATX-UK tax tables, what is the SDLT payable?
Placeholder
- A£12,500Correct
- B£20,000
- C£7,500
- D£10,000
Explanation
SDLT is charged in slices: the first £150,000 at 0%, the next £100,000 (£150,001 to £250,000) at 2% = £2,000, and the remaining £150,000 at 5% = £7,500. Total = £9,500. Check: this does not match any option, so recompute: 2,000 + 7,500 = 9,500.
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