Bankruptcy could help owners skirt doc stamp taxes

By: 

Gary M. Kaleita and Michael S. Provenzale, Lowndes, Drosdick, Doster, Kantor & Reed PA

Gary M. Kaleita

Florida’s documentary stamp tax is assessed on deeds and other instruments transferring title to real property at the rate of 70 cents per $100 of consideration. While this may not seem like a significant amount, the tax can be substantial when high-end property is transferred.

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