Donations of Land or Easements

Preserve Your Land and Save on Taxes Too! Here are three ways to do it…

1. Conservation Restriction

  • Leaves land in private ownership
  • Can reduce income taxes and estate taxes

A conservation restriction (or “conservation easement”) is a legal agreement between a landowner and a land trust that permanently limits uses of the land in order to protect its conservation values. It allows you to continue to own and use your land and to sell it or pass it on to heirs.

When you donate a conservation restriction to a land trust, you give up some of the rights associated with the land. For example, you might give up the right to build additional residences, while retaining the right to grow crops.

A conservation restriction can be designed to meet the personal and financial needs of the landowner. While it must protect the land’s conservation values, it may or may not permit public access to the property.

In addition to the satisfaction of permanently preserving your property, donating a conservation restriction can qualify you for substantial tax deductions.

Please call our office 203-264-4441 to discuss your land preservation options.

2. Land Donation

  • Can result in substantial income tax and estate tax benefits
  • Can be structured to allow you to continue to live on the land.

Donating land for conservation purposes is truly one of the finest legacies a person can leave to future generations.

A donation of land to a land trust releases you from the responsibility of managing the property and can provide substantial income tax deductions and estate tax benefits (while avoiding capital gains taxes that would have resulted from selling the property).

Donating land by will. If you want to own and manage your land during your lifetime, but assure its protection after your death, you can donate it by will to a land trust

3. Bargain Sale

In a bargain sale, you sell the land or a conservation restriction for less than its fair market value. This not only makes it more affordable for the land trust, but offers several benefits to you: it provides cash, avoids some capital gains tax, and entitles you to a charitable income tax deduction based on the difference between the fair market value and the sale price.

Please call our office 203-264-4441 to discuss your land preservation options.