Bargain Sale
In a bargain sale, your property is purchased for less than fair market value. If the Conservancy purchases your property for less than fair market value, you can claim a charitable deduction for income tax purposes for the difference between the bargain sale price and fair market value. This difference must be documented by an independent appraisal. The deduction can be used to offset realized capital gains from the sale portion. When combined with other savings, including the broker's commission, the landowner may achieve nearly the same after-tax financial return, while providing a significant gift to the Conservancy. |
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