Horsham district worst fleeced by ‘hated’ stamp duty

JPNS-05-10-12-046 RISE in stamp duty George Osborne pic 1

JPNS-05-10-12-046 RISE in stamp duty George Osborne pic 1

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Nearly all of Horsham district’s £19m stamp duty revenue was shelled out by people paying rates ‘designed for the very wealthy’ last year, the latest statistics can show.

Just over 94 per cent of the income (£18m) was footed by home-buyers who paid the highest bands of the ‘hated’ tax, according to a study by the TaxPayers’ Alliance.

Horsham district came top in West Sussex for the percentage of revenue taken from the three per cent or higher bands of the tax.

More in tomorrow’s County Times.