The IRE website will be unavailable while we complete routine maintenance on Friday, December 17 from 8-10 am CT.
IRE favicon

Shop

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

$0.00

Description

"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."

141 Neff Annex   |   Missouri School of Journalism Columbia, MO 65211   |   573-882-2042   |   info@ire.org   |   Privacy Policy
apartmentpenciluserscalendar-fullcrossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram