South Carolina Title Insurance Rate & Transfer Tax Calculator
Easily
calculate the South Carolina title insurance rates and South Carolina
property transfer tax; customarily called documentary stamps, or revenue
stamps. The recording fee is $1.85 for each five hundred dollars, or
fractional part of five hundred dollars. No other excise, recordation
or mortgage tax exists in South Carolina. Please send me an
E-mail if you see an error or want to make
a comment.
Can I get a cheaper title insurance rate in South Carolina?
You can obtain a discounted title insurance policy if you can
obtain the current owner's title insurance policy. The existing
policy must be less than 10 years old. The discount is 50%.
Read more
Withholding on Sales of Real and Associated Tangible Personal
Property by Nonresidents
Section 12-8-580 of the South Carolina Code requires a
person who acquires real property, or real property and
related tangible personal property, from a nonresident
seller to withhold South Carolina income taxes from the
seller.
The amount of withholding is determined by the kind of
taxpayer and the information provided by the seller to the
buyer.
The buyer is responsible for collecting and remitting the
withholding on Form I-290 to the Department.
The seller is required to disclose the sale's gain or loss
on a promptly filed South Carolina income tax return; any
excess withholding computed on the seller's income tax
return is then reimbursed.
There are exceptions to the withholding obligations, which
are described in this paper.
Easily
calculate the South Carolina title insurance rates and South Carolina
property transfer tax; customarily called documentary stamps, or revenue
stamps. The recording fee is $1.85 for each five hundred dollars, or
fractional part of five hundred dollars. No other excise, recordation
or mortgage tax exists in South Carolina. Please send me an
E-mail if you see an error or want to make
a comment.