Bargain Sale
of Land
| Bargain sale of land combines income-producing benefit of sale with tax-
reducing benefit of donation. If
you need to realize some immediate income from your land, yet would like the
property to go to a land trust, a bargain sale might be the answer. |
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| In
a bargain sale, you sell the land 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 land's fair market value and its sale price. |
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