9) B

The tax on the first £120,000 is free.

The maximum limit on the next band = £250,000
Difference = 250,000 – 120,000 = £130,000
Tax on this £130,000 = 1% = £1,300

Next band limit = £500,000
However, the price of the house is only £300,000
Difference between 300,000 and 250,000 = £50000
So the tax of 2% would be on this amount.

3% of 50000 = £1500

Total tax = 1300 + 1500 = £2800

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