Quantcast

Tag Archives: maryland tax court

Edward J. Levin: Lenders not liable for recordation taxes on IDOTS

Affirming the holding of the Maryland Tax Court, the Circuit Court for Howard County ruled this month that when the recordation tax becomes due on an indemnity mortgage or an indemnity deed of trust (an “IDOT”), the party responsible to pay the tax is the guarantor who executed the IDOT.

Read More »