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Donate or Sell Land
| Donate
Land
Donating
land with conservation value is one of the finest gifts that
a person can leave for future generations. The York Land Trust
will assume all rights and responsibilities of ownership including
taxes, and management and care of the land. Land can be donated
outright or in your will.
Tax
Benefits:A Land Donation may provide substantial property
tax reduction, income tax deductions and estate tax benefits
(while avoiding any capital gains taxes that would have resulted
from selling the property).
Donation
of a Remainder Interest
You can donate land and continue to live on it and use it.
At the end of the specified life interests, full title and
control of the property transfers to the York Land Trust.
Tax
Benefits: You may be entitled to an income tax deduction
when the gift is made.
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Bargain
Sale of Land or Conservation Easement
If
you need to realize some income from your land, you can sell the
property or a conservation easement to the property at a price below
market value and donate the remaining value. This not only makes
it affordable for the Trust, which has limited funding, but offers
several benefits to you.
Tax Benefits:
A Bargain Sale not only provides you with cash, but it also
may allow you to avoid some capital gains tax, and may entitle you
to a charitable income tax deduction based on the difference between
the land’s fair market value and its sale price.
Sale
of Land to the York Land Trust
The Trust may consider the outright purchase of your land if it
has exceptional natural resources or agricultural or scenice value.
The purchase is contingent on the Trust’s ability to secure
public and private funding.
Donation
of Trade Land
Properties that have little or no conservation value can be donated
as trade land. The Trust can sell these properties in order to acquire
land with high conservation value or to use in other ways that further
the Trust’s conservation goals.
The York Land
Trust strongly recommends that you consult with your financial and
legal advisors to help assure the greatest benefit to you. Be
sure to explore our other charitable giving
options. Please contact the York Land
Trust to discuss a donation or sale of land.
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