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Resource ID: #23308
Subject: Real Estate
Source: Post (Palm Beach, Fla.)
Date: 2007-09-02



"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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