Homebuyers in London typically pay 47 times more stamp duty than those in the East Midlands, according to Coventry Building Society.
An average home in the capital is worth £543,099, meaning a buyer pays £14,654 in land tax.
But those buying in the East Midlands pay £307 on a typical home worth £256,206.
Capital costs: An average home in London is worth £543,099, meaning a buyer pays £14,654 in land tax. But those buying in the East Midlands pay £307 on a typical home worth £256,206
Jonathan Stinton, from Coventry BS, says: ‘A system where people can pay up to 47 times more tax than others — on something which is only twice as valuable — is clearly flawed.’
The differences are due to rises in stamp duty tax thresholds last September.
Homebuyers previously paid the duty on properties worth more than £125,000 — but changes mean the first £250,000 is now tax-free.
The next £675,000 is taxed at 5 per cent, up to a value of £925,001, after which point it increases to 10 per cent.
The thresholds are in place until March 2025 and reduce the amount of stamp duty on an average-priced home from £5,767 to £3,303.
Homebuyers in London now pay £4,509 more in stamp duty than they would have done in 2014, when the previous thresholds were set.
But those buying a typical property in the North-East, North-West, and Yorkshire and The Humber do not pay any tax on their property purchase.
First-time buyers pay no stamp duty on properties up to £425,000 in value.
