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  • ARTICLES BY MARTINDALE
  • Tax Court Decision - Lenders Are Not Liable To Pay Recordation Taxes on Indemnity Deeds of Trust

01/15/2013 07:00:00 PM EST

Tax Court Decision - Lenders Are Not Liable To Pay Recordation Taxes on Indemnity Deeds of Trust

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Taxation Articles on Martindale.com

When the recordation tax becomes due on an indemnity mortgage or an indemnity deed of trust (an “IDOT”), the only person with the obligation to pay the tax is the landowner which guaranteed the loan, according to the Maryland Tax Court in Read More...