Don’t Pay Unnecessary Documentary Stamp and Intangible Taxes – Berger Singerman Law Blog
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Don’t Pay Unnecessary Documentary Stamp and Intangible Taxes – Berger Singerman law blog mcgrath official: Kerr uncontrollably limited liability company is subject to the documentary stamp tax. First, as pointed out by the DOR, the documentary stamp tax is an excise tax on documents-not a tax on transactions.
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$1,925, debit buyer; page 2. Two state taxes are associated with a new mortgage: documentary stamp taxes and intangible taxes. documentary stamps are charged on all mortgages, both new and assumed, but not on "subject to" mortgages. So documentary stamp taxes will be charged on the new second mortgage but not on the first mortgage.
Is an Unintended Documentary Stamp Tax Loophole Depriving Florida of Tax Revenue? A recent newspaper account presents evidence and concludes that a loophole in Florida’s real estate transfer documentary stamp tax deprives the state of substantial revenue it should collect.
Don’t pay unnecessary documentary stamp and intangible taxes. Berger Singerman LLP. can be structured in a way that results in a reduced or no payment of documentary stamp and intangible.
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Because Florida does not impose a state income tax on individuals, the imposition of documentary stamp and non-recurring intangible personal property taxes on Florida real estate loan transactions is one way that the State provides for additional revenue. Some real estate loan transactions, however, can be structured in a way that results in a.