Chichester district’s average stamp duty is £10k

HOMEBUYERS in the Chichester district paid an average of £10,431 in stamp duty last year.

New figures released by the Taxpayers’ Alliance showed there were 1,759 transactions in the district last year, but the stamp duty revenue was a staggering £18,348,451.

And although just over half those transactions were in the three per cent bracket or above, for homes over £250,000, it made up more than £17m of the total revenue.

This is compared to Arun district, where homebuyers pay an average of £4,746 stamp duty, and in Havant borough the figure stands even lower at £3,322.

A huge 94 per cent of the revenue made from stamp duty in the Chichester district was from homes costing £250,000 or more, meaning 94 per cent of homebuyers paid at least £7,500 in tax.

The Taxpayers’ Alliance released the figures as part of its ‘Stamp Out Stamp Duty’ campaign. Find out more at 
www.stampoutstampduty.org