Don’t Pay Unnecessary Documentary Stamp and Intangible Taxes – Berger Singerman Law Blog It’s pretty easy to blog about cases in which your side prevails, but not so easy when you don’t. This post is one of the latter instances. In County of Hawaii v.
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Melbourne FHA Loans Some borrowers already own land and don’t want to purchase more.. Don’t Pay Unnecessary Documentary Stamp and Intangible Taxes – Berger Singerman Law Blog.
Offers a federal income tax credit to first-time buyers purchasing anywhere in Palm Beach County. The MCC credit allows a borrower to take the lesser of 50% of the annual mortgage interest paid or $2,000, while continuing to use the balance of the mortgage interest as a tax deduction.
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.
Are documentary stamp taxes and surtaxes due under Ch. 201, F. S., on the assignment or other conveyance of an existing long-term lease of real property? 2. Is an obligation to pay money secured by a mortgage encumbering such a long-term lease on real property subject to the nonrecurring two mill intangible tax under s. 199.032(2), F. S.?
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Documentary Stamp Taxes are assessed on documents that transfer interest in Florida real property, such as warranty deeds and quit claim deeds. additional taxes are charged for fuels, tobacco products, communications services, and more. For a full of account of taxes charged in Florida, see the Florida Department of Revenue website.
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Don’t Pay Unnecessary Documentary Stamp and Intangible Taxes – Berger Singerman Law Blog In this situation, both documentary stamp tax and intangible tax will be due upon recording of the mortgage or lien in Florida securing the indebtedness.
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