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ACCA Strategic Professional · Advanced Taxation (UK) · Stamp taxes (stamp duty, stamp duty reserve tax and stamp duty land tax)

Datchet Ltd buys a non-residential property for £150,000 (no VAT). What is the SDLT payable under the ACCA tax table rates?

No SDLT is payable. The non-residential rate is 0% on consideration up to £150,000, so a £150,000 purchase falls entirely within the nil band. Applying 2% or 5% to the whole price would be incorrect.

  1. A£3,000
  2. B£7,500
  3. C£1,500
  4. D£0Correct

Explanation

The nil rate band for non-residential property covers consideration up to £150,000, so no SDLT arises. £3,000 would wrongly apply 2% to the whole price.

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