P.R. Laws tit. 13, § 10725
(a) Newly-built properties.—
(1) All parties involved in the sale of a newly-built property, carried out after November 1, 2011, but on or before June 30, 2013, shall be exempt from all kinds of charges on account of internal revenue stamps and vouchers required by law for the execution of public documents and the filing thereof and recordation in any public registry of the Government with respect to the sale, purchase, leasing, financing, and mortgage of a newly-built property.
(b) Qualified property.—
(1) The seller of a qualified property whose sale was carried out after November 1, 2011, but on or before June 30, 2013, shall have a fifty percent (50%) exemption from all kinds of charges on account of internal revenue stamps and vouchers required by law for the execution of public documents and their filing and recordation in any public registry of the Government with respect to the sale or transfer of said property. The buyer of a qualified property who acquires such property after November 1, 2011, but on or before June 30, 2013, shall have a fifty percent (50%) exemption from all kinds of charges on account of internal revenue stamps and vouchers required by law for the execution of public documents and their filing and recordation in any public registry of the Government with respect to the purchase and mortgage of such property. Notarial fees and charges shall be governed by the provisions of the Puerto Rico Notarial Act, §§ 2001 et seq. of Title 4.
(c) Eligible housing.—
(1) All parties involved in a sale, including but not limited to the qualified institutional investor, carried out after July 1st, 2013, but before December 31st, 2017, of an eligible housing shall have a one hundred percent (100%)-exemption from the payment of all fees for internal revenue stamps and vouchers required by law for the execution of public instruments and their presentation and registration in any Government Property Registry with respect to the sale, purchase, lease, financing, and constitution of mortgage of the eligible housing. However, from the fees and duties herein exempt, the notary stamp that all notaries shall adhere to every original deed and in the certified copies thereof issued, as well as the stamps cancelled in favor of the Legal Aid Society pursuant to Act No. 35-1998, as amended, and Act No. 244-2004, as amended, are hereby excluded, and shall be collected and paid as it may correspond. It is hereby provided that this exemption shall likewise apply to any acquirer that buys an eligible housing unit from a qualified institutional investor, provided that it is the first sale made by the investor after the his initial acquisition.
(d) In order to enjoy the exemption provided herein, a copy of the sworn certification of newly-built property to be issued by the seller of the real property shall be submitted pursuant to § 10721 of this title to the notary public, Registrar, or any government entity before which the benefits of this exemption are claimed, and be attached to any document to be filed with the Property Registry.
History —Nov. 1, 2011, No. 216, § 6; Dec. 30, 2011, No. 288, § 6; Dec. 21, 2012, No. 303, § 5; July 22, 2013, No. 68, § 4; Nov. 17, 2015, No. 187, § 101.