|
 |
          |
 |
 |
Financial Benefits Of Conservation Easements
A conservation easement donation can qualify as a charitable contribution if: A. it is granted in perpetuity; B. it is granted to a qualified organization, either 1. a non-profit, 501(c)(3) charitable organization (i.e., a land trust)
with a conservation purpose and the means to enforce the easement, or
C. it achieves a least one of the following: 1. preserves land for public outdoor recreation or education, For a conservation easement donation to qualify for a federal income tax deduction, the following items usually need to be prepared: 1. the conservation easement document;2. an inventory (including photographs) of the property's condition at the time of donation listing man-made structures, water resources, agricultural and ecological features; 3. a qualified appraisal of the conservation easement prepared by an independent real estate appraiser working for the donor, completed no more than 60 days prior to the donation and no later than the time the tax return claiming the deduction is filed; 4. title report, copy of the deed and copies of any mortgages with subordination agreements from the mortgage holder; 5. a legal land survey; and 6. IRS Form 8283 (an attachment to the federal income tax return of anyone claiming charitable contributions of more than $5,000). Conservation Easements Photos by Michael Kelly |
 |
|
Both
federal and Mississippi laws provide tax benefits to landowners who
protect natural or historic land with qualifying conservation easements.
Conservation easements are not suited for every situation; it is important
that landowners consult tax professionals for more specific information.
| . |  |
. |  |
. |
|
©
Copyright 2003 Wildlife Mississippi
Web Development by TecInfo ® |