For more information on Florida documentary stamp duty or intangible tax, please contact the lawyers for Starfield and Smith at (407) 667-8811 or (215) 542-7070. Chapter 201.02 (a) 2017 contains the rates applicable to most real estate or real estate-related instruments, and Chapter 201.17-201.20 sets penalties for non-payment of necessary taxes, illegal use of pills and illegal avoidance of taxes. Taxes are paid either to the Florida Department of Revenue or after registration at Compreau County or Clerk of the Circuit Court. Where a party to the transaction is exempt, the entire payment charge falls to the non-exempt party. A lender that either funds: (i) a loan in the State of Florida, whether or not the loan is secured by real estate in Florida; or (ii) a non-state loan with Florida real estate security is prudent to calculate and collect at the conclusion of the amount of the tax on the documentary stamp and intangible tax (if any) due and pay to the Florida Department of Income. If the necessary funds are not collected at the time of the closure, the lender may find itself in a difficult situation of having to pay unpaid taxes when registering the instruments. The email address cannot be subscribed. Please, do it again. Stamp duty is broad and could apply to almost any transfer of ownership shares.
When a mortgage insures a debt that is previously subject to stamp duty and the amount owed on the previous note has been paid, only debt greater than the total amount on which previous taxes were paid is taxed.