P.R. Laws tit. 13, § 10697
All parties involved in the sale, effected after September 1, 2010, but on or before October 31, 2011, of a newly-built property 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 their filing and recording in any public registry of the Government with respect to the sale, purchase, leasing, financing, creation of a mortgage of a newly-built property. In order to avail him/herself of the exemption herein, the owner and/or lessor shall submit a copy of the sworn certification of the newly-built property to be issued by the seller of the real property, pursuant to § 10691 of this title to the notary public, Registrar or any government entity before which the benefits of this exemption are claimed, and attached to any document to be filed with the Property Registry. Provided, further, That the seller of a qualified property whose sale was effected after September 1, 2010, but on or before October 31, 2011, shall have a fifty percent (50%) exemption from any kind of charges on account of internal revenue stamps and vouchers required by law for the execution of public documents and their filing and recording in any public registry of the Government with respect to the sale or other transfer of said property. The seller of a qualified property whose sale was effected after September 1, 2010, but on or before October 31, 2011, shall be fully exempt 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 recording in any public registry of the Government with respect to the cancellation of any mortgage encumbering such property, notwithstanding that the mortgage cancellation deed is executed after October 31, 2011. The purchaser of a qualified property who acquires such property after September 1, 2010, but on or before October 31, 2011, shall have a fifty percent (50%) exemption from any kind of charges on account of internal revenue stamps and vouchers required by law for the execution of public documents and their filing and recording in any public registry of the Government with respect to the purchase and mortgage of such property. Notarial fees and duties shall be governed by the provisions of the Puerto Rico Notarial Act, §§ 2001 et seq. of Title 4.
History —Sept. 2, 2010, No. 132, § 1.7; July 5, 2011, No. 115, § 7.