![]() ![]() Instead, lady bird deeds are assessed only minimum documentary stamp tax (usually $0.70) when they are filed. The Florida Department of Revenue does not change a full documentary stamp tax if the person who transfers the property is the same person that holds the life interest (the life tenant). Lady bird deeds usually escape taxation at the time of filing. 1 Not all deeds require payment of transfer tax. Lady bird deeds can be just as effective at less cost.Īttorney Practice Note: Florida charges a documentary stamp tax-the equivalent of a transfer tax-when deeds that transfer title to real estate are filed.
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