Which item would be shown on Mira's completion statement according to the material?

• A. Balance of purchase price
• B. Lawyer's fees
• C. Stamp duty
• D. Mortgage interest

Answer: (C)

When sales funds are finalized at completion, the completion statement lists every amount that must move, showing what goes to whom. Stamp duty is included because it’s a government tax charged on the property purchase and must be paid at completion to HMRC. It appears as a separate line item to make this tax liability clear and distinct from the amount payable to the seller for the property. The balance of the purchase price is the cash due to the seller, so it would be shown as the amount the buyer pays to the seller, but the material highlights stamp duty as the separate, tax-related item that must appear on the statement. Lawyer’s fees are costs of obtaining the conveyance and may appear in related documents, while mortgage interest relates to the loan terms rather than a completion-day liability.