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Resource ID: #23308
Subject: Real Estate
Source: Post (Palm Beach, Fla.)
Date: 08/12/2007; 08/13/2007; 08/22/2007; 09/02/2007; 09/02/2007



"Buyers and sellers of pricey properties structure sales as corporate entity transfers rather than as real estate transfers. This lets them legally avoid the Florida documentar stamp tax, collected at a rate of 70 cents per $100 of property value. My first stroy identified three sales totaling $600 million that avoided $4.2 million in taxes. My second story identified additional sales and also cited properties sold using land trusts, another structure that avoids documentary stamp taxes."

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