Sell Your Land
While Wildlands has only very limited resources available for purchasing land, we sometimes raise funds for outstanding projects. In common with most conservation organizations, Wildlands is usually unable to pay fair market value, but selling at full market value eliminates the possibility of making use of charitable deductions. A Bargain Sale is part sale and part donation, entitling the seller/donor to an income tax deduction based on the difference between the sale price and the fair market value as determined by a qualified appraisal. If the property has appreciated, there may be additional savings on capital gains taxes.
In an Installment Sale, the seller agrees with Wildlands to receive payment over a period of years. This allows the seller to spread out tax deductions and gives the organization longer to raise the purchase price.
Are you a Conservation Buyer? If you are interested in purchasing land with ecologically significant features and protecting it with a conservation restriction, the Wildlands Trust may be able to help.
For more detailed information, go to http://www.ecga.org/conservation/options.html and click on “DOWNLOAD” at the bottom of the page. |