Don’t Pay Unnecessary Documentary Stamp and Intangible Taxes – Berger Singerman Law Blog

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If the mortgage is for $100,000, the documentary stamp taxes would also be $700.00. One difference between mortgage and deed recordings is an additional tax known as intangible taxes. Intangible taxes are collected on every mortgage recording except.

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Don’t Pay Unnecessary Documentary Stamp and Intangible Taxes – berger singerman law blog. The modular microprocessor-based architecture of the 11801C not only allows you to select the right configuration for your application, but also allows expandability to meet your future measurement needs.

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All Florida credit unions are exempt from the intangible tax on mortgages, according to Julie Holt of Anclote Title Services.I recently blogged about saving money by using the Navy Federal Credit Union, which was correct, but I thought you should know that the intangible tax exemption applies to all Florida credit union mortgages.

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Berger Singerman, with 80 attorneys, is Florida's business law firm.. Our Doing Business in Florida blog provides the latest legislative and regulatory news,

LAW AND DISCUSSION Section 201.08(1)(a), F.S., imposes documentary stamp tax on written obligations to pay money, and each renewal thereof, made, executed, delivered, sold, transferred, or assigned in Florida. The tax rate is $.35 for each $100 or fraction thereof of the indebtedness or obligation evidenced thereby.

Documentary Stamp Tax: Pursuant to 201.02, Florida Statutes, subject only to a few specifically enumerated exceptions beyond the scope of this article, documentary stamp tax is due on.

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Bearing the burden of DST. The CTA ruled that the taxpayer is not liable to pay the DST on its short-term borrowings. While the rule provides that either party to the transaction shall pay the DST to the BIR, in transactions where one of the parties is a bank, the remittance of the DST shall be the responsibility of the bank. Actually,

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Documentary Stamp Tax on Payment Option Mortgages 11.10.2015 in Blogs | by Rogers Towers Florida Documentary Stamp Tax in the amount of 35 cents per $100.00 (or fraction thereof) is payable on the principal amount financed under a written obligation to pay money that is made, delivered, sold, transferred or assigned in Florida.