The purchase of a registered title has just been completed. The purchase price was £500,000. Consider the following statements:

I) The buyer must pay stamp duty land tax within 14 days of completion.
II) The buyer should apply to Land Registry to register its title to the property within the priority period of the OS1 search that will have been conducted on the buyer's behalf before completion of the purchase of the property.
III) The buyer must pay stamp duty land tax within 14 working days of completion.
IV) The buyer must apply to Land Registry to register its title to the property within two months of completion.
V) The form that must accompany the payment of stamp duty land tax is called an AP1.

Now choose ONE of the following:

A) Only statements I, II and V are correct.
B) Only statements II and III are correct.
C) Only statements I and II are correct.
D) Only statements III, IV and V are correct.