DATE ISSUED: June 17, 2010
Documentary stamp tax is due on any document that transfers an interest in Florida real property. The tax is based on the consideration paid or given for the property interest transferred.
Consideration for a document that transfers an interest in Florida real property under a short sale does not include the amount of an indebtedness forgiven or released by a mortgagee holding a mortgage on the grantor's interest in the property.
A short sale is defined as a purchase and sale of real property in which all the following apply:
Reference: Subsection 201.02(11), Florida Statutes; Chapter 2010-32, Laws of Florida (Section 1, HB 109); Chapter 2010-138, Laws of Florida (Section 3, CS/HB 7157, 1st Engrossed)
This document is intended to alert you to the requirements contained in Florida laws and administrative rules. It does not by its own effect create rights or require compliance.
For forms and other information, visit our website at www.myflorida.com/dor or call Taxpayer Services, 8:00 a.m. to 7:00 p.m., ET, Monday through Friday, excluding holidays, at 800-352-3671.
For a detailed written response to your questions, write the Florida Department of Revenue, Taxpayer Services, MS 3-2000, 5050 West Tennessee Street, Tallahassee, FL 32399-0112.